11820 Morang Dr, Detroit, MI 48224

Property Description

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.