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9501 Iris Street

Detroit MI 48227

58
45312 sq. ft.
0.93 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

58 bathrooms
45312 sq. ft. floor area
0.93 ac. lot size
Multi-Family

Happy sellers in Detroit

85%
85% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 46 multi families similar to 9501 Iris Street, have been sold.

This represents a 4% decrease in multi families sales when compared to the previous 12 months.

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