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1541 Elm St, Detroit, MI 48216

$899,000
: 4
BA
: 3,980
SqFt

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List Price: $899,000
MLS#: 20261016823
Status: ACTIVE
Bathrooms: 4
Subdivision: MC KEOWNS SUB

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Property Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 4 BEDROOM 2 Bathrooms UNITS, 2-Unit Multifamily with Option to Convert to 4-Unit Multifamily EASILY! Investment Opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 2 identical units, each offering 4 Bedrooms, 4 Full Baths, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,980 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 $8,000. 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.

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Additional Information

Year Built: 2026
Acres: 0.11
Style: Other
Acres: 0.11
School District: Detroit
Interior Features: Dual-Flush Toilet(s), ENERGY STAR Qualified Door(s), ENERGY STAR Qualified Light Fixture(s), High Speed Internet, Programmable Thermostat
Cooling: Central Air
Heating: Forced Air, Natural Gas
Garage Description: Parking Lot