About This Home
This 8-bedroom, 5-bathroom residential multi family at 5319 Ivanhoe Street in Detroit, MI is listed for $400,000 ($100 per sqft). Built in 1924, the home offers 4,000 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1924
- 0.16 acre lot
- 2 stories
Property Details
REDUCED! LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 5319 IVANHOE NESTLED ON A SPACIOUS 6,795 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES.
EVERY WINDOW lHAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEW FURNACES AND NEWLY INSTALLED HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING AND BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW.
EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4605 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5319 Ivanhoe Street
Detroit, MI 48204
Joseph Tireman
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 5319 Ivanhoe Street is listed at $400,000 ($100/sqft). The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1924, 0.16 acre lot, 2 stories.
This property is listed by Lauryn Johnson and can be reached at (248) 590-0800.
