11744 Cascade Street, Detroit, MI 48204

$499,999
8
BA

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List Price
$499,999
Price Change
▼ $1 1781317440
Days on Market
80
MLS#
20261044105
Status
ACTIVE
Type
Multifamily
Bathrooms
8

Property Description

Eight 1-bedroom units ideally positioned near Wayne State University, Detroit Medical Center, and Midtown, prime territory for student and workforce housing demand.. Potentially Projected gross income of $76,800/year at market rents.. Brick construction, forced air heat, public water/sewer. Minutes from Downtown Detroit, major freeways, restaurants, and local amenities. Cash or conventional financing only. Do not disturb tenants., At $800/month per unit, projected gross income of $76,800/year with a potential cap rate exceeding 9% at list price

Additional Information

Taxes
$13,986
Acres
0.07
Heating
Forced Air
School District
Detroit
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Paris Laurent from Listing Office: RE/MAX Leading Edge.

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