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$115,000
Est. payment /mo
3 Beds
1 Bath
982 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 982 sqft
Price per Sqft $117
MLS Listing ID 20261032972
Bedrooms 3
Full Baths 1
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 Residence
Source Realcomp
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
Direction North Of Plymouth rd/ East of Meyers rd
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Garage Yes
Building
Story 1
Sewer Public
Water Public
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Tax ID W22I023124S006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Sonic Realty LLC
Nearby School & Business
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