1541 Elm Street, Detroit, Michigan 48216

$899,000

Property Details

MLS#: 20261016823
Bedrooms: N/A
Bathrooms: 4
Square Feet: 3,600
Price per Sqft: $250
Lot Size: 0.11 acres
Year Built: 2026
Property Type: ResidentialIncome
Status: Active
Days on Market: 6

Description

Exceptional NEW CONSTRUCTION 4-Unit Multifamily investment opportunity in North Corktown with Certificate of Occupancy issued March 23, 2026. 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 $12,000. 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

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 1541 Elm Street?

1541 Elm Street is listed at $899,000, or $250 per square foot.

How many bedrooms does 1541 Elm Street have?

This property has N/A bedrooms and 4 bathrooms, with 3,600 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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