Detroit, MI 48238,6330 Midland Street
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Detroit, MI 48238,6330 Midland Street
Detroit, MI 48238,6330 Midland Street
Detroit, MI 48238,6330 Midland Street
Detroit, MI 48238,6330 Midland Street

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$ 1,350,000
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Price Dropped by $100K

6330 Midland Street Detroit, MI 48238

21 Beds

12,879 SqFt


UPDATED:

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

Originating Board Realcomp II Ltd

Year Built 1927

Annual Tax Amount $6,104

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 60.00 x 126.00

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

Direction N of Lodge Freeway and W of Livernois Enter On Corner Of Livernois & Midland

Interior

Hot Water Natural Gas

Heating Radiant

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W16I007298S

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service


Realcomp MLS
Listed by Alicia M Bronik of National Realty Centers, Inc
agent

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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