18400-18404 Morang Dr, Detroit, MI 48205 – Fully Leased Mixed-Use – 3 Units – Asking $155K For Sale

  • $155000
  • 2 beds
  • 3574 sqft

18400-18404 Morang Dr, Detroit, MI 48205 – Fully Leased Mixed-Use – 3 Units – Asking $155K

I’ve got a fully leased 3 unit mixed-use building on Detroit’s east side. Tenants are a salon/barbershop paying $750/month (there 15-20 years), a tax service paying $775/month, and a 2BD/1BA apartment paying $625/month (both in place about 6 years). That’s $2,150/month in total rent ($25,800/year), with all tenants on month-to-month. Brick/block building, approximately 3,574 sqft, built in 1948. Asking $155K. Cash only. Non refundable EMD $1,000

  • 3 Units (2 commercial + 1 apartment)
  • 2BD/1BA Apartment
  • 3,574 sqft
  • $2,150/month Total Rent

ADDRESS: 18400-18404 Morang Dr, Detroit, MI 48205

Call (248) 900-2426 to book a walk through.

Buyer is responsible to pay all buyer and seller closing costs. Sold as-is. Buyer to verify all information and perform due diligence. $1000 EMD. Contact us today to schedule a walk through.

Price:
$155000
Address:
18400-18404 Morang Dr
Detroit, MI 48205
Square Feet:
3574
Lot Size:
0.11 acres
Bedrooms:
2
Terms:
For Sale
Property Type:
Commercial
Year Built:
1948
Const. Type:
Brick/Block

Additional Features

Mixed-use, 3 units, all occupied (month-to-month): Salon/barbershop: $750/mo (15-20 years) Tax service: $775/mo (6 years) 2BD/1BA apartment: $625/mo (6 years) Total rent: $2,150/mo

Call (248) 900-2426 for more details

Property Location