11811 Morang Drive Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,364 sqft
Price per Sqft $97
Subdivision Lincoln Gardens
MLS Listing ID 58050192149
Full Baths 22
Year Built 1958
Annual Tax Amount $34,813
Lot Size 0.330 Acres
Property Description
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. 19 units are occupied out of the 22 units. This complex is at a 15% cap at listing price. Once the 3 vacants are occupied this will be a 17% cap building. Cash cow ! The 3 vacants will be rented by closing. Serious buyers only.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Interior
Heating Baseboard,Separate Meters
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional