11811 Morang Dr - Multi-Family FOR SALE


Detroit, MI 48224- Denby
$1,200,000 USD
248-979-3466
11811 Morang Dr, Detroit, MI for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/19
null | 15% Cap Rate

11811 Morang Dr
Detroit, MI 48224
Denby


OVERVIEW

Calling all investors! 22 unit complex with 11 one bed one bath units and 11 two beds one bath units. Updated windows. Updated plumbing. Updated electrical! All new electic baseboard heaters. All new doors. Units have been remodeled. 18 units are occupied out of the 22 units. This complex is at a 15% cap at listing price. Once the 4 vacants are occupied this will be a 18% cap building. Cash cow ! The 4 vacants will be rented ready at closing. Serious buyers only.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

22

PRICE/UNIT

$54,545

CAP RATE

15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

21-076866-001

ASK ABOUT THIS PROPERTY

Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

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Justin ZehelKeller Williams Paint CreekMore Info
248-979-3466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.