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1541 Elm Street, Detroit, Mi 48216

$899,000
  • 1541 Elm Street, Detroit, Mi 48216 Main Photo

26 Photos

Pending
BEDS0 BATHS4 full SQUARE FEET3,980 MLS#20261016823
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONM C K E O W N S S U B SCHOOLDetroit

Property Description

*** 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.

1541 Elm Street | MLS# 20261016823

This multi-family property located at 1541 Elm Street, Detroit, Mi 48216 is currently listed for sale with an asking price of $899,000. Elm Street is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $38
Year Built: 2026

Amenities

Dual Flush Toilets
E N E R G Y S T A R Qualified Doors
E N E R G Y S T A R Qualified Light Fixtures
High Speed Internet
Programmable Thermostat

Feature Descriptions

Days on Site: 166
Exterior: Aluminum Siding, Vinyl Siding
Laundry: In Unit
Lot Dimensions: 40X115
Parcel#: W08I000759S
Parking: Parking Lot
Parking Notes: Parking Lot
Patio/Porch: Covered, Porch
Pets Allowed: Cats Ok, Dogs Ok
Sewer: Public Sewer
Summer Tax: 38
Units: 4
Utilities: Above Ground Utilities, Cable Available
Water: Public
Window: EnergyStarQualifiedWindows

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Keller Williams Paint Creek
Agency Phone: 2486098000

Shown By

Agency Title: Griffith Realty
Agency Phone: 810-227-1016

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Estimate Your Payment

Estimated Payment

$ 2,266.16 per month $2,000.78 Principal & Interest $3.17 Property Tax $262.21 Homeowner's Insurance

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