MI > Detroit > Mi
Detroit, MI 48209-1324,5807 Toledo Street
Detroit, MI 48209-1324,5807 Toledo Street
Detroit, MI 48209-1324,5807 Toledo Street
Detroit, MI 48209-1324,5807 Toledo Street
Detroit, MI 48209-1324,5807 Toledo Street
Detroit, MI 48209-1324,5807 Toledo Street
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 765,000
Est. payment | /mo

12,964 SqFt

Save
$ 765,000
Est. payment | /mo
Save

12,964 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,964 sqft

Price per Sqft $59

Subdivision Mi

MLS Listing ID 25008017

Year Built 1923

Annual Tax Amount $15,946

Tax Year 2024

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 60 x 123

Property Sub-Type Multi-Family

Property Description

Welcome to your next investment opportunity in the heart of Southwest Detroit! This property is 90% occupied. There are no showings without an accepted offer. This 10-unit building is a beacon of potential, boasting numerous features that make it a lucrative addition to your portfolio.The upgraded units in this building command top dollar, with rents reaching up to $1,200 per month. This means a potential annual income of around $140,000 when all units are fully upgraded. Southwest Detroit is experiencing rapid appreciation, making this property an even more attractive investment. The neighboring $4.4BN Gordie Howe Bridge development is scheduled to complete next year. Its surrounding areas have seen significant development, making it an exciting time to invest in this community.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement MI Basement

Interior

Heating Forced Air

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Prep Realty
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"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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5807 Toledo Street