Please check your email for your login details.5 Baths
$349,000
6534 Sq FT
$53.41 Price per Sq Ft
Highlights
ParkingLotSharedDriveway
About This Home
5 Unit Apartment building!! 100% Occupied Exceptional income-producing opportunity in Detroit’s revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong. Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it’s ideally located for tenants seeking convenience and community. Call today to schedule your private tour and secure your next great investment.
Listing Agent
Jiryes Jarrous
Century 21 Curran & Oberski
Listed on : November 4, 2025
Activity
Days on Market:141
Home Details
Home Type
- ResidentialIncome
Est. Annual Taxes
- $5,510
Year Built
- Built in 1905
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 93.00X134.00
Parking
- ParkingLot
- SharedDriveway
Home Design
Interior Spaces
- 6,534 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
- 5 Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- DetroitCity_Wayne, Michigan
- Wayne County
- Postal Code: 48207
Utilities
- ForcedAir, NaturalGas
- CeilingFans, WindowUnits
- Water Source: Public
- Sewer: PublicSewer
About the Showing Agent
Hassan Scheib
Own It Realty
Contact Hassan
As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.
Map
Jiryes’s Other Listings.
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$269,000
- Beds
- 2 Baths
- 3240 Sq Ft
Untitled Listing
$269,000
- 6 Beds
- 2 Baths
- 3240 Sq Ft
Untitled Listing
$900
- 2 Beds
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Untitled Listing
$750
- 1 Beds
- 1 Baths
- 550 Sq Ft
Untitled Listing
$139,000
- 3 Beds
- 2 Baths
- 1555 Sq Ft
Untitled Listing
$155,000
- 4 Beds
- 2 Baths
- 1850 Sq Ft
Untitled Listing
$155,000
- 4 Beds
- 2 Baths
- 1850 Sq Ft
Untitled Listing
$155,000
- 4 Beds
- 2 Baths
- 1850 Sq Ft
Untitled Listing
$349,000
- Beds
- Baths
- 4934 Sq Ft
Untitled Listing
$850
- 1 Beds
- 1 Baths
- 700 Sq Ft
Untitled Listing
$1,300
- 1 Beds
- 1 Baths
- 700 Sq Ft
Untitled Listing
$1,250
- 0 Beds
- 1 Baths
- 700 Sq Ft
Untitled Listing
$1,250
- 0 Beds
- 1 Baths
- 700 Sq Ft
Untitled Listing
$245,000
- Beds
- Baths
- 1200 Sq Ft
Untitled Listing
$495,000
- Beds
- Baths
- 3020 Sq Ft
1291 W STATE FAIR
$1,050
- 2 Beds
- 1 Baths
- 800 Sq Ft
1291 W STATE FAIR
$900
- 1 Beds
- 1 Baths
- 700 Sq Ft
3250 Tyler St
$1,575
- 3 Beds
- 1 Baths
- 3486 Sq Ft
11122 HAYES ST
$610,000
- 0 Beds
- Baths
- 8850 Sq Ft
Hassan Scheib