New /
MLS #20240085916 /
Multiple Unit (2-4) /
Gratiot Town/Kettering
Listing information updated 11/19/2024 at 9:25pm
Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Current Rental Income: Unit 1: Three bedrooms, rented at $1,650/month Unit 2: Three bedrooms, rented at $1,650/month Unit 3: Two bedrooms, rented at $950/month Unit 4: Three bedrooms, currently vacant With one unit available, there's immediate potential to increase revenue by leasing the vacant space. Property Highlights: Total of 11 bedrooms and 4 bathrooms across all units Each unit features a comfortable layout suitable for various tenant needs Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away ? This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and a vacant unit ready for occupancy makes this a compelling addition to any portfolio. Financial Overview: Current monthly rental income: $4,250 Potential monthly rental income (fully occupied): $5,900 Annual gross income potential: $70,800 Don't miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.
Listing Office: KW Metro
Listing Office Phone: 248.288.3500
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