6330 Midland Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,879 sqft
Price per Sqft $104
MLS Listing ID 20250004783
Year Built 1927
Annual Tax Amount $6,104
Lot Size 7,405 Sqft
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 Wayne County - 100
Zoning Commercial
Interior
Heating Radiant
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit