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$765,000
11 Days On Site

5807 Toledo Street
Detroit, MI 48209

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1923
Built
Subdivision:
WALTER CRANE FARM (PLATS)
County:
Wayne
Listing courtesy of Ishma Best of Prep Realty
5807 Toledo Street5807 Toledo Street5807 Toledo Street5807 Toledo Street
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Monthly Payment (Est.)

$3,490
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Welcome to your next investment opportunity in the heart of Southwest Detroit! This property is 90% occupied. There are no showings without an accepted offer. This 10-unit building is a beacon of potential, boasting numerous features that make it a lucrative addition to your portfolio.The upgraded units in this building command top dollar, with rents reaching up to $1,200 per month. This means a potential annual income of around $140,000 when all units are fully upgraded. Southwest Detroit is experiencing rapid appreciation, making this property an even more attractive investment. The neighboring $4.4BN Gordie Howe Bridge development is scheduled to complete next year. Its surrounding areas have seen significant development, making it an exciting time to invest in this community. Each unit in this building is individually metered for their utility costs, simplifying property management for you and increasing your return on investment. Tenants will appreciate the convenience of air conditioning in every unit, enhancing their living experience and allowing you to command premium rents. Just a quick drive away, Downtown Detroit is less than 10 minutes from this property, offering residents access to employment centers, dining, and entertainment options. Nearby Michigan Central Station Development in Corktown With its proximity to the nearly $1BN Michigan central station development in Corktown, this property is strategically positioned to benefit from ongoing urban revitalization and increased demand for housing in the area.This stabilized 10-unit building is a rare gem for savvy investors, combining attractive rental income potential with a prime location in a neighborhood poised for substantial growth. Don't miss out on this opportunity to secure significant cash flow and capitalize on the flourishing Southwest Detroit real estate market.Contact us today to schedule a viewing and seize this excellent investment before it's gone!

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Listing Snapshot
Price 
$765,000
Days On Site 
11 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1923
MLS® Number 
25008017
Status 
Active
Property Tax 
$15,946
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.17
Pets 
Yes
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Utilities 
Natural Gas AvailableNatural Gas ConnectedWater Available
Water Source 
Public
Zoning 
Multi-Family
Interior Features
Cooling 
Central Air
Fireplace 
Yes
Fireplaces 
1
Heating 
Natural GasForced Air
Laundry Features 
In Basement
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Exterior Features
Construction Details 
Brick
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Wayne County - 100
Roads 
Paved
School District 
Detroit
Township 
Detroit City
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Ishma Best of Prep Realty



Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MichRIC MLS.
Last checked: 2025-03-16 09:48 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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