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: N/A
- Year Built: 1946
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 135
Tax and Assessment Information
Tax and assessment information is unavailable.
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.
Ask about this property
This record includes a property-access restriction. Contact Sonic Realty to ask a question or verify the current listing status; do not rely on this page as an invitation to enter.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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