MI > Wayne > Detroit > 11820 Morang Drive
  • MLS# 20230081918
  • Photos
  • Map
  • Satellite
Portrait of Gino Tozzi
Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
Come see this well maintained 20 unit, all 1 bedroom and 1 bathroom cash cow fresh to the market on Detroit's Eastside close to I-94 expressway. Newer roof and concrete work on the property over the last 5 years. There is a common area with coin operated laundry machines and storage lockers. Electrical meters are split, water and gas are single metered. Manager lives on site rent free and there are 5 vacancies, and 1 in the eviction process. This give 13 units producing income. The units currently generate roughly $23,000.00 in net income per year but with rents below market and the vacancies. It is possible to increase the gross revenue and reduce expenses to maximize net income.

Property Information

Status
Sold 
Address
11820 Morang Drive 
City
Detroit 
Zip
48224 
Year Built
1960 
Subdivision
Park Drive No 6 
Listing Date
10/05/2023 
Architecture
2 Story 
County
Wayne 
Above Grade SqFt
11,204 
Possession
At Close 
Price/SqFt
71.4 

School Information

School District
Detroit 

Taxes

Summer Taxes
$7,409 
Winter Taxes
$883 

Features

Total No. of Units
20 
Zoning
Commercial, Multi-Family 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Heating
Baseboard, Natural Gas 

Listing Video for 11820 Morang Drive, Detroit MI 48224

Mortgage Calculator

years
annual
annual
  • Property History
  • Schools Information
  • Local Business
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230081894 Withdrawn Contingency Apr 18 2024 3:37PM 127
20230081894 Contingency Active Feb 9 2024 10:06AM 127
20230081918 Nov 21 2023 9:12AM $800,000 $815,000 127
20230081894 Nov 21 2023 9:10AM $800,000 $815,000 127
20230081894 Nov 3 2023 4:36PM $815,000 $850,000 127
20230081894 Oct 25 2023 3:05PM $850,000 $905,000 127
20230081918 Active Oct 5 2023 8:05AM $905,000 127
20230081894 Active Oct 5 2023 7:38AM $905,000 127
School Information
Local Business

Learn More About This Listing

Portrait of Gino Tozzi
Listed by Gino Tozzi

313-587-6602

Clinton Twp

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

Real Estate One logo

Listing Courtesy of Real Estate One
Office Address 44250 Garfield Road 200

11820 Morang Drive Detroit
Contact us
$800,000
Sold • Acres: 0.28 • Zoning: Commercial,Multi-Family