BEDS0
BATHS3 full
SQUARE FEET2,600
MLS#20261069603
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
Updated 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 neighborhood would generate $3,050/month inprojected 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, propertymanagement, 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Ceiling Fans
Heating: Natural Gas, Radiant, Steam
Home Style: Duplex, Triplex
Lot Size: 0.09 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $3,260
Year Built: 1927
Feature Descriptions
Days on Site: 10
Exterior: Brick
Fencing: Back Yard
Lot Dimensions: 36X108
Parcel#: W16I019668C9
Parking: On Street
Parking Notes: On Street
Patio/Porch: Patio
Pets Allowed: Yes
Sewer: Public Sewer, Sewer At Street
Summer Tax: 1486
Units: 3
Utilities: Above Ground Utilities, Cable Available
Water: Public, Waterat Street
Winter Tax: 1774
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
$ 1,507.60 per month $1,174.68 Principal & Interest $271.67 Property Tax $61.25 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
13181 Stoepel Street | MLS# 20261069603
This multi-family property located at 13181 Stoepel Street, Detroit, Mi 48238 is currently listed for sale with an asking price of $210,000. Stoepel Street is located within the Detroit school district. Search Detroit real estate on www.therealtycouple.com today.