MI > Detroit
Detroit, MI 48238,6330 Midland Street
Detroit, MI 48238,6330 Midland Street
Detroit, MI 48238,6330 Midland Street
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$1,350,000
Est. payment /mo
22 Baths
7,405 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20250004800

Year Built 1927

Annual Tax Amount $6,104

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 60.00 x 126.00

Source Realcomp

Property Description

Well maintained multi family asset in University District, only 10 minutes from downtown Detroit! All units are subsidized under Section 8 program with an average rental rate of $1,161. Gross rent collection in 2024 of $195k+ with 2024 NOI $110k+. All major Capex completed (roof, windows, boiler, hot water tank, electrical, and plumbing). Currently two down units which provides the new buyer theopportunity to add additional revenue along with adding laundry.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family

Direction N of Lodge Freeway and W of Livernois Enter On Corner Of Livernois & Midland

Interior

Heating Radiant

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W16I007298S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by National Realty Centers, Inc

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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REVIEWS

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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