5569 Drexel Street, Detroit, Michigan 48213

$169,999

Property Details

MLS#: 20261007812
Bedrooms: N/A
Bathrooms: 2
Square Feet: 2,986
Price per Sqft: $57
Lot Size: 0.08 acres
Year Built: 1928
Property Type: ResidentialIncome
Status: Active
Days on Market: 37

Description

REDUCED! LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE, YOU WILL FIND 5569 DREXEL NESTLED ON A 3,833 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY WINDOW IN THIS COMPOUND IS BRAND NEW AND SHE HAS BEEN UPGRADED WITH NEW FURNACES, NEW ELECTRICAL, NEW PLUMBING AND HOT WATER TANKS TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2178 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 5569 Drexel Street?

5569 Drexel Street is listed at $169,999, or $57 per square foot.

How many bedrooms does 5569 Drexel Street have?

This property has N/A bedrooms and 2 bathrooms, with 2,986 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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