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Jenn Smart

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1541 Elm , Detroit, MI 48216
$899,000
Est. Payment: $4,684.81/mo
0 Bed
4 Bath
3980 Sqft
Status: pending | Days on site: 49
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 2 BEDROOM 1Bathroom UNITS, 4-Unit Multifamily investment opportunity in North Corktown! 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 $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.

Highlights

Listed by Briyana Jordan , 616-469-7164 Keller Williams Paint Creek , 248-609-8000. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

2026

County

Wayne

Area

Detroit (82001)

Neighborhood

Mc Keowns Sub

School District

Detroit City School District

Listing ID

60978028

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:3980
Other:
  • Additional:Cable/Internet Avail., DSL Available
Water:Public Water

Exterior Features

Lot Dimensions:40X115
Others:
  • Additional:Porch
Principal Interest
$4,685
Taxes
$3

Home Price

$899,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$179,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,684.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,684.81 $3.17 $0.00 $4,687.98
Yearly $56,217.77 $38.00 $0.00 $56,255.77
Total $1,686,533.06 $1,140.00 $0.00 $1,687,673.06
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T04:57:55.100Z

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