$1,450,000
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6330 Midland Detroit, MI 48238
Industrial
Residence
Beds
Baths
...
Bed/Bath
12,879
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Well maintained multi family asset in University District, only 10 minutes from downtown Detroit! All units are subsidized under Section 8 program with an average rental rate of $1,161. Gross rent collection in 2024 of $195k+ with 2024 NOI $110k+. All major Capex completed (roof, windows, boiler, ho...t water tank, electrical, and plumbing). Currently two down units which provides the new buyer the opportunity to add additional revenue along with adding laundry.
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Source MLS
MiRealSource
Originating MLS
RealComp
MLS#
60366306
Property Type
Industrial
Year Built
1919
Square Feet
12,879
sq. ft
Lot Size
0.17
Sewer
Public Sewer
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