6330 Midland Street
Detroit, MI 48238
12879 sqft | 0.17 acres | #20250004783
Description
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, hot water tank, electrical, and plumbing). Currently two down units which provides the new buyer the opportunity to add additional revenue along with adding laundry.
Property Details
- SubdivisionASTON & GITTINS SUB (PLATS)
- FoundationBasement, Poured
- Property SubtypeRealEstateOnly
- Sewer InformationPublicSewer
- MLS #20250004783
- Parcel NumberW16I007298S
- MLS #20250004783
- Original List Price$1,450,000
- Property TypePurchase
- RoofAsphalt
- School DistrictDetroit
- Cost1350000
- Utility SourcePublic
- Taxes Annual$6,104
- Square Feet12879
- CountyWayne
- Acres0.17
- Year Built1927
- Days on Market (Cumulative)85
- Stories3
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Alicia M Bronik (#387827), Email: aliciabronik@gmail.com
Listing Office: National Realty Centers, Inc (#367482)
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