17328 Indiana Street, Detroit, Michigan 48221
$179,500
Property Details
- MLS#: 20261041442
- Bedrooms: N/A
- Bathrooms: 2
- Square Feet: 2,321
- Price per Sqft: $77
- Lot Size: N/A
- Year Built: 1928
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 153
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
SHOWN UPON ACCEPTED OFFER ONLY. Solid brick 2-unit duplex, fully leased and professionally managed. One unit is 3 bed/1 bath, the other 2 bed/1 bath, plus basement. Rents today total $1,649/mo, well below market. At market rent of approx $1,200/unit, the projected cap rate is approx 6.5% (est. after actual taxes of $8,286/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Lower unit is month to month and can go to market now; upper lease ends 4/30/27. Newer furnaces, updated PEX plumbing and updated electrical. City of Detroit Certificate of Compliance on file through 08/01/2029, so no city compliance work needed for years. Leases and ledgers provided after accepted offer. Cash or conventional only. *Do not disturb tenants. Do NOT email offers; offer instructions and submission link are in ShowingTime and agent remarks.
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 17328 Indiana Street?
17328 Indiana Street is listed at $179,500, or $77 per square foot.
How many bedrooms does 17328 Indiana Street have?
This property has N/A bedrooms and 2 bathrooms, with 2,321 square feet of living space.
Ask about this property
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Phone: (313) 484-4696
Email: info@sonicrealty.com
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