11744 Cascade St, Detroit, MI 48204
Eight one-bedroom units with forced air heat and public water/sewer, suited for student or workforce rental demand.
- Added:
- Jun 19, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 21 at 2:39 am
Property Features for 11744 Cascade St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing office REMAX LEADING EDGE (313) 214-6505
Listing date Jun 19, 2026
Source Elliman
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HighLights
- 8 one‑bedroom units built in 1930
- Forced air heat; public water and sewer
- Projected gross income of $76,800/year at $800/month per unit (1BD)
- Potential cap rate exceeding 9% at the list price (projected)
- Located near Wayne State University, Detroit Medical Center, and Midtown
Overview
The building is positioned near Wayne State University, the Detroit Medical Center, and Midtown, placing it within a practical rental draw for students and area workers. It is also described as minutes from Downtown Detroit, major freeways, and nearby restaurants and local amenities, supported by walkable and transit-receptive scores.
The seller notes a projected gross income of $76,800 per year at market rents, with an at-$800-per-month projection referenced for budgeting purposes. Financing is described as cash or conventional only. The property is tenant-occupied and requires coordination, with instructions to do not disturb.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1338676
- Latitude
- 42.3772064