MLS # 20261044105 (Realcomp)

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
Source: SparkMLS
Located in Winterhalter in Detroit, this property offers 8-bath, with original construction dating to 1930.
Currently offered at $499,999.
Property tax estimate: $8,132 per year ($678/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
S ELMHURST S 60.2 FT 5 W 5 FT OF S 60.2 FT & E 18 FT OF S 59.2 FT 4 W 5 FT OF S 59.2 FT 3MC QUADE HEIGHTS SUB L31 P6 PLATS, W C R 14/180 51 IRREG
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Paris Laurent
RE/MAX Leading Edge
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
11744 Cascade Street, Detroit, MI 48204
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Neighborhood
Winterhalter
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Community
Detroit
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County
Wayne County
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