Move-In Ready Condo with
For Sale
$133,000
5279 E 11 Mile, Warren, MI 48092
Charming 2-bedroom condo with basement, ready for immediate occupancy.
Property Size968 SF
Price / SF$137.40
Days on Market349
Property Features for 5279 E 11 Mile
General Information
Standard status
Active
Size
968 SF
Property subtype
Condominium
Building Details
Year Built
1990
Listing Agency:
Chervenic Realty Inc
(586) 206-4214
Listed By:
Danelle Munro · License #6501
(586) 206-4214
Source:
Kw
Added: Aug 17, 2025
Changed: Jul 6
Last Checked: Jul 31 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chervenic Realty Inc
Investment Insights
Based on property information with market context.
This charming condo features 2 bedrooms and is move-in ready. The eat-in kitchen includes ample cabinet and counter space, along with a stove, refrigerator, disposal, and dishwasher. The large living room provides access to a private deck and outdoor space. The unit benefits from plenty of natural light. The bedrooms are spacious and offer lots of storage. A washer and dryer are included. The condo also features a full basement and central air. The property size is 968 square feet.
Key Highlights
- Move‑in ready condition.
- Enjoy central air conditioning.
- Full basement provides extra space.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $17.64 |
| − Vacancy | −$990 | −$1.02 |
| EGI | $16.1k | $16.62 |
| − OpEx | −$7.2k | −$7.48 |
| NOI | $8.8k | $9.14 |
968 SF · lease $17.64/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$126.4K
$110.6K – $147.5K
NOI $8,847 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.5K
$186.9K – $249.1K
NOI $14,948 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 48092, MI
27,186
Population
11,052
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
3,356
Density / Sq Mi
$71,761
Median Household Income
$40,174
Median Earnings
$1,186
Median Rent
$205,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Charming 2-bedroom condo with basement, ready for immediate occupancy.
Where is this apartment building located?
The property is located at 5279 E 11 Mile Warren, MI.
What is the asking price?
The asking price for this property is $133,000.
What are key features of this property?
This property features: Move‑in ready condition.; Enjoy central air conditioning.; Full basement provides extra space.
