$829,000
Active
129 Days Online
0 Beds0 Baths0 SQFT
Active

5807 Toledo Street Detroit, MI 48209

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Welcome to your next investment opportunity in the heart of Southwest Detroit! 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.Each unit in this building is individually metered, ensuring that tenants are responsible for their utility costs, simplifying property management for you and increasing your return on investment.Tenants will appreciate the convenience of air conditioning in every unit, enhancing their living experience and allowing you to command premium rents.Just a quick drive away, Downtown Detroit is less than 10 minutes from this property, offering residents access to employment centers, dining, and entertainment options. Nearby Michigan Central Station Development in CorktownWith its proximity to the nearly $1BN Michigan central station development in Corktown, this property is strategically positioned to benefit from ongoing urban revitalization and increased demand for housing in the area.This stabilized 10-unit building is a rare gem for savvy investors, combining attractive rental income potential with a prime location in a neighborhood poised for substantial growth. Don't miss out on this turn-key opportunity to secure significant cash flow and capitalize on the flourishing Southwest Detroit real estate market.Contact us today to schedule a viewing and seize this excellent investment before it's gone!

  • Property TypeMulti-Family
  • NeighborhoodWalter Crane Farm (Plats)
  • CountyWayne
  • Taxes$16,602
  • HOA/Condo/Coop Fees$0
  • Days on Site128 Days
  • MLS StatusActive
  • MLS ID Number24002320
  • Home Size Source N/A
  • Year Built1923
  • Lot Size0.17 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Parking Spaces 0
  • Sewer Public Sewer
  • Basement Michigan Basement
  • Acreage 0.17
  • Zoning Multi-Family
  • Cross Street Campbell Street
  • Property Sub Type Multi Family
  • Utilities Natural Gas Connected

Interior Features

  • Cooling Central Air
  • Heating Forced AirNatural Gas
  • Fireplaces 1
  • Fireplace Yes

Exterior Features

  • Waterfront Property No

Community Features

  • Association Amenities Pets Allowed
  • MLS Area Wayne County - 100

Schools

School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$4,421
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