5807 Toledo Street
Detroit, MI 48209
- – beds
- – baths
- – sqft
- 7,405 sqft lot
- 1923 build
- – on site
Welcome to your next investment opportunity in the heart of Southwest Detroit! 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, ensuring that tenants are responsible 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 CorktownWith 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 turn-key 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!
Last checked:
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Last updated Sep 4, 2024
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MLS# 24036263 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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New Construction:false
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Construction Materials:Brick
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Architectural Style:None
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Foundation Details:None
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Building Features:None
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Window Features:None
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Patio And Porch Features:None
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Exterior Features:None
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Accessibility Features:No
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Direction Faces:None
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Stories:None
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Basement:true
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Basement:Michigan Basement
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Basement:Yes
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Common Walls:None
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Building Area Total:None
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Exterior -Brick:true
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Below Grade Finished Area:None
Interior
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Rooms Total:None
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Interior Features:None
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Flooring:None
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Fireplaces Total:1
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Fireplace:No
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Fireplace Features:None
Room Dimensions
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Living Area:None
Location
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Directions:Toledo Street and Campbell Street
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Cross Street:Campbell Street
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Latitude:42.319807
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Longitude:-83.106058
The Property
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Parcel Number:16000988.
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Property Type:Multi-Family
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Property Subtype:5+ Units
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Property Attached:No
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Lot Size SqFt:7405.0
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Lot Size Acres:0.17
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Lot Size Area:0.17
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Lot Size Units:Acres
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Topography:None
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Waterfront:false
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View:None
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View:No
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Fencing:None
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Inclusions:None
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Zoning:None
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Zoning Description:Multi-Family
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Current Use:None
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Possible Use:None
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Waterfront:No
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Road Frontage:123.0
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Office phone:
- (313) 855-7737
Taxes
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Tax Year:2023
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Tax Year:2023.0
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Tax Legal Description:S TOLEDO 1166&1167 E 10 FT 1168 SUB OF WALTER CRANE FARM L5 P29 PLATS, W C R 16/9 60 X 123
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Tax Annual Amount:35499.0
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Tax Assessed Value:182003
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Taxable Value:182003.0
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Annual Property Taxes:35499.0
Beds
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Main Level Bedrooms:None
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Bedrooms Total:None
Baths
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Partial Baths:None
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Full Baths:None
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Three Quarter Baths:None
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Half Baths:None
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Quarter Baths:None
The Listing
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Home Warranty:No
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Virtual Tour URL Branded:None
Heating & Cooling
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Cooling:Central Air
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Cooling:true
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Heating:No
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Heating:Forced Air
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Heat Type -Forced Air:true
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Heat Source -Natural Gas:true
Utilities
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Utilities:Water Available, Natural Gas Connected
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Electric:None
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Natural Gas:true
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Central Air:true
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Sewer:Public Sewer
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Sewer -Publictrue
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Water Public:true
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Green Energy Generation:None
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Green Water Conservation:None
Appliances
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Appliances:None
Schools
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Elementary School District:None
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Middle Or Jr High School District:None
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High School District:Detroit
The Community
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Subdivision:WALTER CRANE FARM (PLATS)
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Senior Community:No
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Pool Private:No
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Pool Features:None
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Spa Features:None
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Pets Allowed:true
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Pets Allowed:None
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Association:true%
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Association Amenities:Pets Allowed
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Association Fee:$None
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Association Fee Frequency:None
Parking
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Garage:No
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Attached Garage:No
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Garage Spaces:None
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Carport:No
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Carport Spaces:None
Extra Units
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Other Structures:None
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Unit 1 Unit Description:3 Bed 1 Bath
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Unit 1 Bedrooms:3
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Unit 1 Baths:1
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Unit 1 Full Baths:1
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Unit 2 Unit Description:2 Bed 1 Bath
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Unit 2 Bedrooms:2
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Unit 2 Baths:1
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Unit 2 Full Baths:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).