Do Real Estate on the Go!
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Do Real Estate on the Go!
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$115,000
3 Beds
- 1 Bath
1 full bath
982sqft
11311 Steel St, Detroit, MI 48227
$115,000
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Single Family Residence
Built in 1946
$-- HOA
5,227.2 sqft lot
$117/sq.ft
Description
Charming investment opportunity in Detroit! 11311 Steel St is a tenant-occupied property offering immediate rental income potential and strong long-term value. Currently occupied by a Section 8 tenant paying $1,800/month, this property offers reliable cash flow with an estimated 13% cap rate. The home features a functional layout, spacious living areas, and solid rental appeal, making it an excellent addition to any investment portfolio. Conveniently located near schools, shopping, dining, major freeways, and local amenities, providing strong accessibility for tenants and future occupants alike. Ideal for investors seeking steady cash flow or buyers looking for future own...
Continue ReadingProperty Details
Status
Pending
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
Year Built
1946
HOA Fees
-
Finished Area
982 sqft
Lot Size
5,227.2 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60991317
MLS Status
Pending
Days on Market
63
Cumulative Days on Market
40
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