$100,000
Est. payment /mo
8 Baths
6,969 Sqft Lot
Active
5319 Ivanhoe Street Detroit, MI 48204
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261018867
HOA Y/N true
Year Built 1924
Annual Tax Amount $1,741
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 56.9X120
Source Realcomp
Property 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
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction Turn left onto W Davison Ave, continue on Davison Ave for about 1 mile, Turn left onto Linwood St.Drive about 0.5 mile, then turn right onto Ivanhoe St, continue until you reach 5319 Ivanhoe St.
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Schools
School District Detroit
Others
Tax ID W16I002942S
Acceptable Financing Cash
Listing Terms Cash
Listed by LPT Realty, LLC
NEARBY SCHOOL & BUSINESS