$115,000
Est. payment /mo
3 Beds
1 Bath
982 SqFt
Active
11311 Steel Street Detroit, MI 48227 3766
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 982 sqft
Price per Sqft $117
Subdivision Clare Sub
MLS Listing ID 60991317
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 982
Year Built 1946
Annual Tax Amount $3,181
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40X130.38
Property Sub-Type Single Family
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.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Parking Features Detached Garage
Garage Spaces 1.0
Garage Yes
Building
Story 1 Story
Foundation Basement
Water Public Water
Architectural Style Ranch
Structure Type Aluminum
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Sonic Realty LLC
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION