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    11811 Morang Dr Detroit, MI 48224

    For Sale
    $1,200,000

    Multi Family - MI

    Type:Single Family Attached
    Days on Market:
    53
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 11811 Morang Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active

    Building Details

    Number of units
    22
    Architectural style
    Other

    Eagle Realty LLC d/b/a Keller Williams Eagle Realty (305) 757-1700 [email protected]

    Listing agent Justin Zehel (305) 757-1700 License #3598465

    Listing date Oct 22, 2025

    MLS# A11900671 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Investment Opportunity

    This 22-unit complex presents an investment opportunity, featuring eleven one-bedroom, one-bathroom units and eleven two-bedroom, one-bathroom units. The property has updated windows, plumbing, and electrical systems. New electric baseboard heaters and doors have been installed. The units have been remodeled. Currently, 18 of the 22 units are occupied. The complex is listed at a 15% cap rate, with the potential to reach an 18% cap rate once the four vacant units are occupied. The four vacant units will be rent-ready at closing.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9505265
    Latitude
    42.4260288

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    FAQs

    What type of property is this?
    Apartment building - 22-unit complex with updated features and high cap rate potential.
    Where is this apartment building located?
    The property is located at 11811 Morang Dr Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High Cap Rate: Enjoy a 15% cap rate at the listing price, with potential to increase to 18% upon full occupancy.; - Turnkey Investment: 18 of 22 units are currently occupied, providing immediate income.; - Recently Remodeled Units: Remodeled units increase tenant appeal and reduce maintenance costs.
    (305) 757-1700
    Request Owner's contact information
    11811 Morang Dr Detroit, MI 48224
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    Detroit, MI 48224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11811 Morang Dr Detroit, MI 48224
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