8542 IRONWOOD Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48204
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
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