5319 Ivanhoe Street, Detroit, Michigan 48204

$100,000

Property Details

MLS#: 20261018867
Bedrooms: N/A
Bathrooms: 6
Square Feet: 4,000
Price per Sqft: $25
Lot Size: 0.16 acres
Year Built: 1924
Property Type: ResidentialIncome
Status: Active
Days on Market: 6

Description

Attention investors and contractors! This 4-unit property at 5319 Ivanhoe St, Detroit offers a strong value-add opportunity with major improvements already started. The property is currently mid-renovation, giving the next owner the chance to step in and complete the project while building significant equity. Three of the units have been taken down to the studs, providing a blank canvas for a full renovation. One unit is approximately 70% complete, allowing the next owner to potentially finish and stabilize the property sooner while completing the remaining units. Key updates have already been completed, including a new roof, new water tank, and new furnace, helping reduce major upfront costs and giving investors a head start on the rehab process. This property presents multiple investment strategies, finish the renovations and create a cash-flowing multifamily rental, add it to a long-term portfolio, or complete the project for resale. With strong rental demand in Detroit and the ability to design the remaining renovations to your specifications, the upside potential is significant. Opportunities like this are ideal for experienced investors, builders, or contractors looking to take over a project that already has important improvements completed.

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 5319 Ivanhoe Street?

5319 Ivanhoe Street is listed at $100,000, or $25 per square foot.

How many bedrooms does 5319 Ivanhoe Street have?

This property has N/A bedrooms and 6 bathrooms, with 4,000 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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