6330 Midland Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 12,879 sqft
Price per Sqft $104
Subdivision Aston & Gittins Sub (Plats)
MLS Listing ID 20250004783
Bedrooms 21
Year Built 1927
Annual Tax Amount $6,104
Lot Size 7,405 Sqft
Property Sub-Type Apartments,Real Estate Only
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 Det 6-Tire - Grnfld - Livernois
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Radiant
Exterior
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Full Service