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5319 Ivanhoe Street

Detroit, Michigan 48204
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Bed 8

Bed

Bath 4.5

Bath

SqFt4,000

Sqft

Acres0.16

Acre(Lot)

LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 5319 IVANHOE NESTLED ON A SPACIOUS 6,795 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. EVERY WINDOW lHAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEW FURNACES AND NEWLY INSTALLED HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING AND BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4605 ARE PAID IN F ULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

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Detail Ic Property Details

Property Type : Multifamily

Price : $400,000

AD Id : 84711910

MLS Id : 20261044349

Beds : 8

Lot Size : 0.16 Acre

Living Area Size : 4,000

Year Built : 1924

County : Wayne

Subdivision: Joseph Tireman

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Feature Features

  • Bathroom Information

    Total Baths: 4.5 Full Baths: 4 Half Baths: 4
  • Interior Features

    Basement Description: Unfinished
  • Heating & Cooling

    Heating: Forced Air Heating Fuel: Natural Gas

  • Building Information

    Year Built: 1924 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement Architecture: Quadruplex
  • Exterior Features

    Construction: Block
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.16 Lot Dimensions: 56.9X120
  • Property Information

    SQ ft: 4000 Subdivision: Joseph Tireman Financing: Cash,Conventional

  • Listing Price Information

    Original List Price: $400,000
  • Listing Information

    Possession: At Close Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATS, W C R 16/178 56.90 X 120

  • Tax Information

    Annual Tax: $3,825 Parcel Number: W16I002942S
  • Possession

    At Close
  • Legal Information

    Legal Description: Section: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATS, W C R 16/178 56.90 X 120

  • Unit 2 Information

    # of Bedrooms: 4

  • School Information

    School District: Detroit
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/17/2026 @ 12:25

MLS: 20261044349 LISTED BY: Lauryn Johnson , KW Domain 248-590-0800 SOURCE: Realcomp II Ltd

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