9501 Iris new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48227
Key Details
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Active
Purchase Type For Sale
Square Footage 45,312 sqft
Price per Sqft $22
MLS Listing ID 20251034600
Style Common Entry Building
Bedrooms 58
Full Baths 58
Year Built 1969
Annual Tax Amount $21,493
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions 100 x 40
Property Sub-Type Common Entry Building
Source Realcomp II Ltd
Property Description
Amazing INVESTOR Special! Don't miss this amazing opportunity in a rapidly developing neighborhood! This 58-unit Complex is vacant and primed for completion. Some units are already renovated while other need drywall and finishing touches. Property features (52) 1 units and (6) 2 bedroom units with 1 bath. Projected Income: $40,000 monthly / $475,000+ annually at 80% occupancy (higher at full occupancy). Location highlights: Close to schools, shopping, public transportation and more. Parking: Plenty of on-site parking spaces available. Cash Buyers Only,- no seller financing. Property Sold AS IS. Buyer to perform due diligence. Serious inquires Only. This property has the potential to be a true cash-flow machine once stabilized.
Location
State MI
County Wayne
Area Northville (Wayne County)
Zoning Multi-Family
Direction Take Chicago to Iris go to address
Rooms
Basement Unfinished,Common,Private
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Architectural Style Common Entry Building
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID 22994883.10
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conv. Blend Rt,Conventional
Listing Terms Cash,Conv. Blend Rt,Conventional
Financing Cash,Conv. Blend Rt,Conventional