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… Read More 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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Sonic Realty LLC, (313) 484-4696.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
982
Lot Size
0.12 Acres
Year Built
1946
MLS Number
20261032972
30 Days Snapshot Of 48227
$66k
-16%
(avg) sold price
28
0%
homes sold
79
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
982 total square feet, 982 combined square feet, 982 total basement square feet, Built in 1946, Architectural style: Ranch, 1 Story, Aluminum
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Detached, 1 Car, Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.12, Lot size dimensions: 40X130.38
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.