For Sale

Listed by Erica Coleman from Moving Forward Realty

Source: Multiple Listing Service MiRealSource #60934838

9501 Iris Street, Detroit, MI, 48227

$999,000

58
45312 sq. ft.
0.93 ac.

MultiFam

30+ days on the market

What's around 9501 Iris Street

About this property

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.

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