9501 Iris St, Detroit, MI 48227

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Building Details:

58 unit low-rise multi-family for sale
Occupancy 80%
Close to I-96 and Southfield Freeway
Detroit Department of Transit bus stop directly in front of the property on W Chicago Street
Tenants responsible for electric, including electric oven/stove in units
Excellent unit mix: (47) 1 bed/1 bath, (6) 2 bed/1 bath, (5) 2 bed/2 bath
2014 taxes: $14,964.00
Sale price: $1,100,000.00 ($18,965 per unit)