1541 Elm Street
Detroit, MI 48216

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Description

Exceptional NEW CONSTRUCTION 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 4,000 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. 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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48216
• Year Built: 2026
• School District: Detroit
• Basement: Crawl Space
• Lot Size: 4792 sq ft lot
• Basement Type: No
• Construction Materials: Aluminum Siding, Vinyl Siding
• Cooling: Central Air
• Directions: Trumbul/Martin Luther King JrS of Martin Luther King JR / W of Trumbul
• Extras: Laundry Facility
• Gross Income: 144000
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.11
• Lot Size Square Feet: 4791.6
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W08I000759S
• Road Frontage: 40
• SEV: 1900
• Street Type: Paved
• Tax Annual Amount: 38
• Tax Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2028. S ELM 92 MC KEOWNS SUB L3 P50 PLATS, W C R 8/43 40 X 115
• Total Approx Sq Ft All Bldgs: 4000
• Total Num Units: 4
• Water Source: Public