BEDS0
BATHS23 full
SQUARE FEET2,600
MLS#20261069356
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONR O B E R T O A K M A N S F O R D H W Y G L E N D A L E
SCHOOLDetroit
Property Description
Turnkey Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hackwhile tenants cover the mortgage. This updated triplex near Detroit's historic Russell Woods/Nardin Park neighborhood would generate $2,930/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 two 1-bed/1-bath units (700 sq ft at $900/mo, 600 sq ft at $730/mo), each Recent upgrades include new electrical panels, updated plumbing supply and drain lines, new laminate flooring, fresh paint and updated vanities; delivering a clean, low-maintenance product for any investor.Investor highlights:"? NOI: $24,373.20"? Cap Rate: 10.83% (at $225,000 purchase price)"? Cash Flow (with 20% down): ~$10,748.93/year"? Cash-on-Cash Return: 23.89%"? Expenses include standard reserves for maintenance, propertymanagement, and vacancy.
Property Features
Property Type: Multi Unit - Multiple
Basement: Common, Full, Unfinished
Basement: Yes
Heating: Natural Gas, Radiant, Steam
Home Style: Triplex
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $4,204
Year Built: 1927
Feature Descriptions
Days on Site: 9
Exterior: Brick
Lot Dimensions: 36X108
Parcel#: W16I019671S
Parking: On Street
Parking Notes: On Street
Patio/Porch: Porch
Pets Allowed: Yes
Sewer: Public Sewer, Sewer At Street
Summer Tax: 1912
Units: 3
Utilities: Above Ground Utilities, Cable Available
Water: Public, Waterat Street
Winter Tax: 2292
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: KW Grosse Pointe
Agency Phone: 3138867239
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,674.54 per month $1,258.59 Principal & Interest $350.33 Property Tax $65.63 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
13167 Stoepel Street | MLS# 20261069356
This multi-family property located at 13167 Stoepel Street, Detroit, Mi 48238 is currently listed for sale with an asking price of $225,000. Stoepel Street is located within the Detroit school district. Search Detroit real estate on www.therealtycouple.com today.