29
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$210,000
Est. payment /mo
3 Baths
2,600 SqFt
Active
13181 Stoepel Street Detroit, MI 48238 5102
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $80
Subdivision Mi
MLS Listing ID 61026274
Style 2 Story
Full Baths 3
Year Built 1927
Annual Tax Amount $3,260
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36X108
Property Sub-Type Multi-Family
Property Description
Updated Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hack while tenants cover the mortgage. This updated triplex near Detroit's historic Russell Woods neighborhood would generate $3,050/month in projected gross rent across three spacious units; delivering dependable income with minimal overhead. The property includes a 3-bed/1-bath unit (1,300 sq ft, $1,300/mo) and two1-bed/1-bath units (700 sq ft at $900/mo, 600 sq ft at $850/mo), each offering updated finishes and solid market appeal. Note: Roof on the property needs to be redone. Priced with condition in mind and still ready to deliver strong cash flow. Recent upgrades include new electrical panels, updated plumbing supply and drain lines, new carpet/laminate flooring, fresh paint and updated vanities; delivering a clean, low-maintenance product for any investor. Investor highlights: * NOI: $25,482 * Cap Rate: 12.13% (at $210,000 purchase price) * Cash Flow (with 20% down): ~$12,766/year * Cash-on-Cash Return: 30.40% * Expenses include standard reserves for maintenance, property management, and vacancy. Also for sale is 13167 Stoepel another triplex. Acquire both triplex's, maximize your wealth potential and continue to scale up your real estate portfolio.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Interior Features Cable/Internet Avail.
Heating Radiant, Steam
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water, Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,FHA 203K
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Grosse Pointe
Nearby Locations
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