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Community Choice Realty
11311 Steel Street, Detroit, MI 48227 3766
- $115,000
- 3
- BD
- 1
- BA
- 982
- SqFt
- List Price
- $115,000
- Status
- ACTIVE
- MLS#
- 60991317
- Days on Market
- 163
- Style
- Ranch
- Year Built
- 1946
- Price Change
- ▲ $30,000 1779121847
- Bedrooms
- 3
- Bathrooms
- 1
- Acres
- 0.12
- Living Area
- 982
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Clare Sub
Property Description
Charming investment opportunity in Detroit! 11311 Steel St is a tenant-occupied property offering immediate rental income potential and strong long-term value. Currently occupied by a Section 8 tenant paying $1,800/month, this property offers reliable cash flow with an estimated 13% cap rate. The home features a functional layout, spacious living areas, and solid rental appeal, making it an excellent addition to any investment portfolio. Conveniently located near schools, shopping, dining, major freeways, and local amenities, providing strong accessibility for tenants and future occupants alike. Ideal for investors seeking steady cash flow or buyers looking for future owner-occupancy potential. Tenant occupied -- please do not disturb tenant. Showings available with accepted offer or approved access only.
Additional Information
- Lot Dimensions
- 40 x 130.38
- Heating
- Natural Gas, Forced Air
- Basement
- Yes
- Basement Description
- Unfinished
- Foundation
- Basement
- Water
- Public
- Garage Spaces
- 1
- School District
- Detroit City School District
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Listing Courtesy of Apex Realty Centers, Office Phone: 734-469-2469
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.