6330 Midland Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238 1358
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,879 sqft
Price per Sqft $104
Subdivision Mi
MLS Listing ID 60366306
Annual Tax Amount $6,104
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60.00 x 126.00
Property Sub-Type Commercial/Industrial
Property 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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Radiant
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Assessment Amount $100
Energy Description Natural Gas
Financing Cash,Conventional