1541 Elm Street, Detroit, Michigan 48216
$899,000
Property Details
- MLS#: 20261016823
- Bedrooms: N/A
- Bathrooms: 4
- Square Feet: 3,980
- Price per Sqft: $226
- Lot Size: N/A
- Year Built: 2026
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 60
Tax and Assessment Information
Tax and assessment information is unavailable.
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
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 $226 per square foot.
How many bedrooms does 1541 Elm Street have?
This property has N/A bedrooms and 4 bathrooms, with 3,980 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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