13167 Stoepel ST Detroit, MI 48238
23 Baths
2,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $86
Subdivision Robert Oakmans Ford Hwy & Glendale
MLS Listing ID 20261069356
Style Triplex
Full Baths 23
Year Built 1927
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
while 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, property
management, and vacancy.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Common, Full, Unfinished
Interior
Heating Natural Gas, Radiant, Steam
Fireplace No
Exterior
Parking Features OnStreet
Pool None
Utilities Available AboveGroundUtilities, CableAvailable
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer, Sewer At Street
Water Public, WateratStreet
Architectural Style Triplex
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, FHA203K, VaLoan
Listing Terms Cash, Conventional, FHA, FHA203K, VaLoan
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
