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Image 1 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 2 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 3 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 4 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 5 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 6 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 7 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 8 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Image 9 - 5807 Toledo St, Detroit, Michigan, 48209 - House for sale
Toledo St, Detroit, Home For Sale
5807 Toledo St, Detroit, Michigan, 48209

Toledo St, Detroit, Home For Sale

house for sale
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Listed: 07/19/24

5807 Toledo St, Detroit, Michigan, 48209

Studio Bed:
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Price
$ 829,900

About This House

Welcome to your next investment opportunity in the heart of Southwest Detroit! This 10-unit building is a beacon of potential, boasting numerous features that make it a lucrative addition to your portfolio.The upgraded units in this building command top dollar, with rents reaching up to$1, 200per month. This means a potential annual income of around$140, 000when all units are fully upgraded.Southwest Detroit is experiencing rapid appreciation, making this property an even more attractive investment. The neighboring$4.4BNGordie Howe Bridge development is scheduled to complete next year. Its surrounding areas have seen significant development, making it an exciting time to invest in this community.Each unit in this building is individually metered, ensuring that tenants are responsible for their utility costs, simplifying property …  Full description

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Southwest Detroit Housing & Living

Household Income

Median household income: $31,283
Number of households: 266,333
The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.