1541 Elm Street, Detroit, MI 48216 1203
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1541 Elm Street, Detroit, MI 48216 1203
1541 Elm Street, Detroit, MI 48216 1203
1541 Elm Street, Detroit, MI 48216 1203
1541 Elm Street, Detroit, MI 48216 1203
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Jason Baker

Jason Baker

+1(419) 349-3867
$ 899,000
Est. payment /mo
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1541 Elm Street Detroit, MI 48216 1203

4 Baths

3,980 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,980 sqft

Price per Sqft $225

Subdivision Mi

MLS Listing ID 60978028

Style 2 Story

Full Baths 4

Year Built 2026

Annual Tax Amount $38

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40X115

Property Sub-Type Multi-Family

Property Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 4 BEDROOM 2 Bathrooms UNITS, 2-Unit Multifamily with Option to Convert to 4-Unit Multifamily EASILY! Investment Opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 2 identical units, each offering 4 Bedrooms, 4 Full Baths, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,980 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.

Location

State MI

County Wayne

Area Detroit (82001)

Interior

Interior Features Cable/Internet Avail., DSL Available

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Aluminum, Vinyl Siding

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Crawl

Water Public Water

Structure Type Aluminum,Vinyl Siding

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Paint Creek
Nearby Locations
Jason Baker

Jason Baker

Broker License ID: BRKP.2013004472

+1(419) 349-3867

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1541 Elm Street