Property Listing No Longer Available for Sale

11371 E State Fair, Detroit, MI

Multi-family for Sale - $299,000


Property Info

CIMLS#752170
Location
  11371 E State Fair
  Detroit MI 48205
UpdatedDecember 11th, 2015
TypeMulti-family
Price$299,000

Property Description

This 2 story structure would make a great loft building, condo conversion/assisted living facility . About 75,000 square feet per floor. This is a good solid structure all brick, block and concrete. This building has endless use options to a very lucrative self storage facility,etc but a apartment building is also sought after. All that will be in demand as Detroit goes thru there redevelopment process. Building is about 250 feet deep. Multiple entrances and sections which can be easily sub divided into multiple rentals. Offered at pennies on the Dollar. Seller will finance anyone with 50% down at $325,000. with No Credit check. Cash buyers offered discount at $99,000. Property is vacant interior of course will need some type of work. All wholesale assets are sold as is where is of course. Priced Below Wholesale at $299,000.

Great location, In the rear of the building is a open and operating UPS (United Parcel Service) ship center which has to be over a 300,000 sq. ft. facility. Also At&t headquarters less then 200 feet to the left of the front of the building.

With at&t in the front and UPS in rear. Makes this a very secure and desirable location.


Financials