Buy&Hold (Multifamily): (10 units) 11360 Wyoming Ave, Detroit, MI 48204+ $400,000
- Promise Land Realty
- Feb 7
- 3 min read
Multifamily Investment Opportunity
Price
$400,000
OFF-MARKET 10-UNIT VALUE-ADD | DETROIT, MI
Address: 11360 Wyoming Ave, Detroit, MI
Area: Barton-McFarland
Asset: Solid brick 10-unit apartment building with on-site parking
Price: $400,000 assignment ($40,000 per door)
Same-Block Comps: ~$55,000 per door
Utilities:• Separate gas & electric (tenant-paid)• Owner pays water only
Property Photos/Financials:
Rent Upside:
• Renovated rents projected at $850–$950/month
• Strong value-add through cosmetic interior updates
Financial Highlights:• Pro-Forma NOI: ~$66,400
• Projected Cap Rate: ~16.7%
• Significant spread between in-place income and stabilized performance
Condition:• Structurally solid brick building• Cosmetic interior updates needed—ideal for a light to moderate value-add strategy
Opportunity:• High-yield Detroit multifamily play• Strong cash-flow potential with minimal utility exposure• First-come, first-served off-market assignment
Reply “DETAILS” for rent roll, financials, and access📧 Submit all offers directly to: investments@promiselandrealtyllc.com
Targeted exclusively to serious Detroit multifamily investors.
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All offers must be submitted directly to:
Serious buyers only. Off-market inventory moves quickly.
Property Map
Inquiries & Offers: Promiseland Realty LLC – International Off-Market Division
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.