26
See all 26 photos
$899,000
Est. payment /mo
4 Baths
4,791 Sqft Lot
Active
1541 Elm Street Detroit, MI 48216
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261016823
Year Built 2026
Annual Tax Amount $38
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X115
Source Realcomp
Property Description
*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION POSSIBLE IF BUYER WANTS 4-Unit Multifamily investment opportunity in North Corktown with Certificate of Occupancy issued March 23, 2026. Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 bedrooms, 1 full bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $12,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit's fastest-growing neighborhoods.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction Trumbul/Martin Luther King JrS of Martin Luther King JR / W of Trumbul
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Aluminum Siding,Vinyl Siding
Schools
School District Detroit
Others
Tax ID W08I000759S
Acceptable Financing Cash, Conventional, FHA, Land Contract
Listing Terms Cash, Conventional, FHA, Land Contract
Listed by Keller Williams Paint Creek
NEARBY SCHOOL & BUSINESS
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