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5907 Iroquois, Detroit, MI 48213

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Listing Type
commercial/industrial
Listing Status
Off Market
Explore Detroit, MI
0
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
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$325,000

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Home Details for 5907 Iroquois

Price
$325,000
Type
commercial/industrial
Year Build
1923
Sq. Ft.
4680
County
Wayne
Garage
0
MLS Listing#
R2220019609
On exitrealty.com
64 days

Property Description

Located just minutes from the infamous West Village, you will find 5907 Iroquois Ave nestled on a 6,534 square foot lot in a quiet neighborhood of homeowners. This crown jewel consists of recently remodeled 4 bed room townhomes. Each townhome has been upgraded and has newly installed furnace's and hot water tanks. In addition, each townhome has new plumbing , electrical as well as their gas lines fully upgraded to insure maintenance free cash flow. Each spacious dwelling has the following cosmetic upgrades: freshly rolled paint, brand new carpet with top of the line underlayment, newer windows, brand new doors and complementary aluminum trim. Starting in January 2022, each home was leased to section 8 tenants and the monthly dividends go as follows: $1495, $1217, $1283, $1371 totaling to $5366. The tenants pay the utilities, which allows this complex to maintain a 21% cash on cash return. HIGHEST AND BEST BY FRIDAY AT NOON.
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$325,000

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