11311 Steel Street, Detroit, Michigan 48227

$115,000

Property Details

MLS#: 20261032972
Bedrooms: 3
Bathrooms: 1
Square Feet: 982
Price per Sqft: $117
Lot Size: 0.12 acres
Year Built: 1946
Property Type: Residential
Status: Active
Days on Market: 13

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

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 11311 Steel Street?

11311 Steel Street is listed at $115,000, or $117 per square foot.

How many bedrooms does 11311 Steel Street have?

This property has 3 bedrooms and 1 bathrooms, with 982 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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