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5907 IROQUOIS Street, Detroit, MI 48213

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For Sale

$450,000

4 baths • 1 half baths • 4,680 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $96.15
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 20240085916

Courtesy Of Keller Williams Royal Oak
423 South Washington Ave, Royal Oak, MI 48067
(248) 288-3500

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Colonial
  • Exterior Type
    Brick
  • Heating System
    Hot Water
  • Lot Size
    0.15 Acres
  • Rooms
    Basement

Map and Directions

Directions to 5907 IROQUOIS Street, Detroit, MI 48213

Home seller CENTURY 21 Curran & Oberski

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Curran & Oberski

(248) 264-1700
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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