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About the Listing 408421 - 427277
*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 2 BEDROOM 1Bathroom UNITS, 4-Unit Multifamily investment opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 Bedrooms, 1 Full Bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $8,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit’s fastest-growing neighborhoods.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3980
- Basement: Crawl
- Other: Cable Available,Dual-Flush Toilet(s),ENERGY STAR® Qualified Door(s),ENERGY STAR® Qualified Light Fixture(s),ENERGY STAR® Qualified Window(s),High Spd Internet Avail,Laundry Facility,Programmable Thermostat,2 Story,Forced Air,Pets Allowed
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 40X115
- Zoning: Multi-Family,Residential
- Roof: Asphalt
- Others: Aluminum,Vinyl,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $38
- Taxes w/Assessments: N/A
- Tax/Property ID: W08I000759S
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
1541 Elm St Detroit, MI 48216
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