Detroit, MI 48204,8542 IRONWOOD Street
Detroit, MI 48204,8542 IRONWOOD Street
Detroit, MI 48204,8542 IRONWOOD Street
35
See all 35 photos
$299,000
Est. payment /mo
4 BD
4 BA
3,426 SqFt
Price Dropped by $6K

8542 IRONWOOD Street Detroit, MI 48204

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UPDATED:

11/21/2024 11:54 AM

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 3,426 sqft

Price per Sqft $87

Subdivision John Tiremans Sub (Plats)

MLS Listing ID 20240044443

Style Colonial

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1920

Annual Tax Amount $3,151

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 37.00 x 120.00

Property Description

Presenting a remarkable investment opportunity in the heart of Detroit—a four-unit brick building that stands as a testament to quality and potential. Located in a neighborhood showing strong signs of revitalization, this property offers a blend of historic charm and modern updates, making it an attractive prospect for both seasoned investors and those new to the real estate market.
Each unit has been updated, featuring upgraded bathrooms that combine contemporary design with functionality. These spaces ensure a comfortable living experience for tenants.
The building has been fitted with all new windows, improving energy efficiency and contributing to lower utility costs while providing abundant natural light throughout each unit.
Each unit comes with its own separate gas and electric meters, allowing for individual billing and making it easier for tenants to manage their utility usage. The property features one water meter, simplifying water service management.
The building includes a full basement, providing storage space and housing a convenient laundry area. This communal laundry facility is a desirable amenity for tenants, adding value to the rental units.
Situated on a corner lot, the building is enclosed by a secure fence, offering privacy and a sense of community. The property also features newer gutters, ensuring proper drainage and reducing maintenance concerns.
With street parking available, tenants and their guests will have no trouble finding convenient parking spots. This added convenience enhances the property's appeal.
The building is currently vacant, making it ready for immediate occupancy. Its well-kept condition ensures that new tenants can move in without delay, maximizing rental income potential.
The surrounding area is experiencing a notable resurgence. This revitalization contributes to a growing demand for quality rental units, positioning this property as a prime investment. The location has easy access to public transportation, major highways, and downtown Detroit.

Location

State MI

County Wayne

Area Det South Of Grand River

Zoning Multi-Family

Direction Property is located on the south side of I-96 between Livernois and Tireman

Rooms

Basement Unfinished, Common

Interior

Interior Features Carbon Monoxide Alarm(s), Laundry Facility, ENERGY STAR® Qualified Window(s)

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Waterfront no

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W16I003312S

Ownership Short Sale - No,Private Owned

Assessment Amount $240

Acceptable Financing Cash, Conventional, Warranty Deed

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed


Realcomp MLS
Listed by Tracy A Petersen of Elite Realty

GET MORE INFORMATION

David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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8542 IRONWOOD Street