$999,000

9501 Iris St Detroit, MI 48227

Barton-McFarland Neighborhood

Estimated payment $7,114/month

Total Views 531
64 Beds
58 Baths
45,312 Sq Ft
$22 Price per Sq Ft

Highlights

  • Popular Property
  • 0.93 Acre Lot
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Lobby
  • 5-minute walk to Phelps Playground

About This Home

Amazing INVESTOR Special! Don't miss this amazing opportunity in a rapidly developing neighborhood! This 58-unit Complex is vacant and primed for completion. Some units are already renovated while other need drywall and finishing touches. Property features (52) 1 units and (6) 2 bedroom units with 1 bath. Projected Income: $40,000 monthly / $475,000+ annually at 80% occupancy (higher at full occupancy). Location highlights: Close to schools, shopping, public transportation and more. Parking: Plenty of on-site parking spaces available. Cash Buyers Only,- no seller financing. Property Sold AS IS. Buyer to perform due diligence. Serious inquires Only. This property has the potential to be a true cash-flow machine once stabilized.

Listing Agent

Erica Coleman

Moving Forward Realty License #6502388092 Listed on: 09/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1969

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 100 x 40

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 58 Full Bathrooms
  • 45,312 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 22994883.10

Community Details

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • 58 Units
  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,493

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1969
  • State Equalized Value: 277700.0000
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 58.00
  • Full Bathrooms: 58
  • Basement: Yes
  • Basement Type: Unfinished, Common, Private
  • Sq Ft Combined: 45312
  • Total Sq Ft: 45312

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 149
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Fee Information

  • Operating Expense: 69000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.93
  • Lot Dimensions: 100 x 40
  • Parcel Number: 22994883.10
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 39440

Tax Info

  • Tax Amount Summer: 19217.0000
  • Tax Amount Winter: 2276.0000
  • Total Tax: 21493.0000
  • Taxable Value: 277700.0000

Multi Family

  • Gross Scheduled Income: 473280.00
  • Number Of Units Total: 58
  • Number of One Bedroom Units: 52
  • Number of Two Bedroom Units: 6
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 For Sale $999,000 -- $22 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251034600

Realcomp
Michigan Wayne County Detroit 48227 Barton-McFarland

9501 Iris St, Detroit, MI

This home is located at 9501 Iris St, Detroit, MI 48227 and is currently priced at $999,000, approximately $22 per square foot. This property was built in 1969. 9501 Iris St is a home located in Wayne County with nearby schools including Bates Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Erica Coleman
Listing Agent
Erica Coleman
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Moving Forward Realty
(248) 946-7900