*** 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.
Listed By
Agency Name: Keller Williams Paint Creek
Agency Phone: (248) 609-8000
Shown By
Agent Name: Thomas Harding II
Agent Phone: (734) 812-6900
Agency Title: Key Realty
Estimated Payment
$ 5,290.96 per month $5,028.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $262.21 Homeowner's Insurance
1541 Elm Street | MLS# 20261016823
This multi-family property located at 1541 Elm Street, Detroit, MI 48216 is currently listed for sale with an asking price of $899,000. Elm Street is located within the Detroit school district. Search Detroit real estate on thomasharding.ikeyrealty.com today.