FOR SALE
Local Information
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Description
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 $1,200 per month. This means a potential annual income of around $140,000 when all units are fully upgraded.Southwest Detroit is experiencing rapid appreciation, making this property an even more attractive investment. The neighboring $4.4BN Gordie 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
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$64
Listed
5 days ago
Home Details for 5807 Toledo St
Interior Features |
|---|
Interior Details Basement: MI Basement,None |
Dimensions and Layout Living Area: 12964 Square Feet |
Appliances & Utilities Laundry: Common Area |
Heating & Cooling Heating: Forced AirHas HeatingHeating Fuel: Forced Air |
Gas & Electric Gas: Natural Gas |
Exterior Features |
|---|
Exterior Home Features Foundation: Basement |
Frontage Road Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public Sanitary |
Farm & Range Frontage Length: 123 |
Days on Market |
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Days on Market: 5 |
Property Information |
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Year Built Year Built: 1923 |
Property Type / Style Property Type: Residential Income |
Building Construction Materials: Brick |
Price & Status |
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Price List Price: $829,000Price Per Sqft: $64 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Detroit |
School Information Elementary School District: Detroit City School DistrictJr High / Middle School District: Detroit City School DistrictHigh School District: Detroit City School District |
Agent Information |
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Listing Agent Listing ID: 70384786 |
Building |
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Building Area Building Area: 12964 Square Feet |
HOA |
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Association for this Listing: Greater Metropolitan Association of REALTORS |
Lot Information |
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Lot Area: 7405.2 sqft |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 2.5Sub Agency Commission Type: %Transaction Broker Commission: 350Transaction Broker Commission Type: $ |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Owner Pays: Trash Collection, Water/Sewer |
Miscellaneous |
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Mls Number: 70384786 |
Last check for updates: about 21 hours ago
Listing courtesy of Ishma Best
Prep Realty, (313) 355-3004
Originating MLS: Greater Metropolitan Association of REALTORS
Source: MiRealSource, MLS#70384786
Also Listed on Realcomp II, MichRIC.
Price History for 5807 Toledo St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/10/2024 | $829,000 | PriceChange | MichRIC #24002320 |
| 03/08/2024 | $849,000 | PendingToActive | MichRIC #24002320 |
| 01/18/2024 | $849,000 | Contingent | MichRIC #24002320 |
| 01/09/2024 | $849,000 | Listed For Sale | MichRIC #24002320 |
| 01/01/2024 | ListingRemoved | Realcomp II #20230084928 | |
| 12/18/2023 | $849,000 | Contingent | Realcomp II #20230084928 |
| 10/07/2023 | $849,000 | Listed For Sale | Realcomp II #20230084928 |
| 01/24/2020 | $450,000 | Sold | N/A |
| 10/17/2019 | $549,900 | PriceChange | Agent Provided |
| 08/07/2019 | $595,000 | Listed For Sale | Agent Provided |
| 12/04/2017 | $300,000 | ListingRemoved | Agent Provided |
| 07/19/2017 | $300,000 | Listed For Sale | Agent Provided |
| 09/08/2016 | $275,000 | ListingRemoved | Agent Provided |
| 08/08/2016 | $275,000 | Listed For Sale | Agent Provided |
| 12/03/2015 | $187,000 | ListingRemoved | Agent Provided |
| 10/29/2015 | $187,000 | Pending | Agent Provided |
| 09/28/2015 | $187,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 5807 Toledo St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.69 | Multi-Family Home | $330,000 | 10/12/23 | 4 | 3,872 | ||
0.43 | Multi-Family Home | $140,000 | 10/06/23 | 3 | 2,013 | ||
0.68 | Multi-Family Home | $349,900 | 12/07/23 | 2 | 2,480 | ||
0.75 | Multi-Family Home | $330,000 | 03/21/24 | - | - | ||
1.11 | Multi-Family Home | $380,000 | 08/11/23 | 2 | 2,669 | ||
0.68 | Multi-Family Home | $158,000 | 12/08/23 | 2 | 2,400 | ||
0.67 | Multi-Family Home | $45,000 | 07/28/23 | 2 | 2,386 | ||
0.77 | Multi-Family Home | $65,000 | 12/29/23 | 3 | 2,208 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Southwest Detroit
- Trulia User
- Resident
- 10mo ago
"The best thing about this neighborhood is having a mechanic (Los Altos) and a store (Dorbys) right around the corner within walking distance. However, if you plan to move here I recommend buying and not renting as some landlords are pure slumlords. "
- chris scott
- Resident
- 1y ago
"I lived here for 35 years a very good neighborhood to live and there is so much to do there school are close to you "
- Trulia User
- Resident
- 1y ago
"The diverse people and the food mostly. Southwest Detroit is known for being a mostly working class part of the city, with its population being mostly made up of Polish and Hungarian people, Latinos, Blacks, and other minority groups. With that, the culture is very diverse, with various opportunities to find good food, music, and art to enjoy. It's much richer here than anywhere else in Wayne county. I'd go so far to say it's more culturally diverse here than in most places in Michigan. "
- Trulia User
- Resident
- 2y ago
"There is decent access to I-75 and I-94, which provide quick access to surrounding communities. I wfh so commute isn’t super important to me. "
- Trulia User
- Resident
- 2y ago
"There are many schools in this area to accommodate all learning environments and age ranges. There many community centers and parks accessible to any who wish to partake. In addition, there are diverse religious denomination and resource centers available as well. Southwest Detroit is a lovely place to raise a family. "
- Emily G.
- Resident
- 3y ago
"Are neighborhood feels special because we have our big cinco de mayo parade and back to school drives."
- Delgado4 C.
- Resident
- 3y ago
"-cinco de mayo parade -blessing of the lowriders -clark park -plenty of good tacos to choose from -garage cultural -holy redeemer -honey bee -e&l market -la gloria bakery -mexicantown bakery -evie's tamales -tamaleria neuvo leon -el club -patton park -bowen branch library"
- Rosemary D. .
- Resident
- 3y ago
"The neighbors look out for each other and are very friendly also shopping and Resturants are within walking distance"
- Luis M. L.
- Resident
- 3y ago
"People keep they dogs on they yard or walk them on leash and they are trained . Dog sitters walk they dogs around also and they do not have any type of issue at all , cense they dogs seems to be trained also ."
- Jessica T.
- Resident
- 4y ago
"Cinco De Mayo Firework show and some other stuff like Saint Paddy’s day and we’re not far from downtown Detroit and the bridge to Canada is not that far away it’s like in my backyard"
- Chrisscottswest255
- Resident
- 4y ago
"I've lived in this neighborhood for 35years yes it's a bad place but not like that very good schools you alot of restaurants and grocery stores and shopping centers "
- Jennifer S.
- Resident
- 4y ago
"bad neighborhood people are thieves and jealousy is at it's most high. The gangs and killings are ridiculous. I wouldn't recommend anyone to live there."
- Libbey
- Resident
- 4y ago
"There are a lot of community activities at parks and great festivals/parades yearly. Some of the high schools host community events as well, especially Detroit Cristo Rey."
- Mspunkin2u
- Resident
- 4y ago
"I've lived in this neighborhood for 4 years and I love it... It's close to downtown Detroit but far enough away"
- At66885581
- Visitor
- 4y ago
"dont know i do believe that having a dog would not be a problem neighborhood seems very nice place to live in peace"
- Mandy
- Resident
- 4y ago
"Been here for 4 months now and I'm loving it. Random people are friendly, always greeting with a smile from their porches when I walk past outside their homes. "
- Kristina
- Resident
- 4y ago
"Lots of people in the community care about the well being of their dogs & some people offer food to owners who can’t afford it for their dogs along with crates for when it comes to being too cold out so you can bring your dogs inside."
- Marialuvsdon
- Visitor
- 5y ago
"it's not unique, maybe downtown is nice and safe for outsider. Lived here my whole life ready to leave"
- Chrishooton
- Resident
- 5y ago
"Many families. Vibrant. Nice parks and many schools. Great diversity. Ice cream. Bikeable. "
- Aaron R.
- Resident
- 5y ago
"There are two parks in this small neighborhood. One behind Roberto Clemente recreation center and one on Porter between 18th and 17th. The Ford center is on Bagley and 21st and has a number of after school classes for children. "
- Chanel N. Y.
- Resident
- 5y ago
"There’s sidewalks and a dog park less than a mile away. I walk my dog all the time but just be careful of trash sometimes "
- Tyrene
- 12y ago
"This an nice , average Southwest Detroit neighborhood located in Mexican-town. Houses currently listed around this approximately at $70,516 in area. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ishma Best, Prep Realty
Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
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 2024 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. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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 2024 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. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
5807 Toledo St, Detroit, MI 48209 is a studio, 12,964 sqft multi-family built in 1923. 5807 Toledo St is located in Southwest Detroit, Detroit. This property is currently available for sale and was listed by MiRealSource on Apr 26, 2024. The MLS # for this home is MLS# 70384786.