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Maria Reyes

maria.reyes@epique.me +1(248) 943-2250

$100,000

Est. payment - /mo

8 Baths

6,969 Sqft Lot

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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

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Listed by LPT Realty, LLC

NEARBY SCHOOL & BUSINESS

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Maria Reyes

+1(248) 943-2250

Co-Owner/Realtor® | License ID: 6501350194

Co-Owner/Realtor® License ID: 6501350194

5319 Ivanhoe Street Detroit, MI 48204

Maria Reyes

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION