13181 Stoepel Street, Detroit, Michigan 48238
$210,000
Property Details
- MLS#: 20261069603
- Bedrooms: N/A
- Bathrooms: 3
- Square Feet: 2,600
- Price per Sqft: $81
- Lot Size: N/A
- Year Built: 1927
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 34
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
Updated Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hack while tenants cover the mortgage. This updated triplex near Detroit’s historic Russell Woods neighborhood would generate $3,050/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 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, property management, 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.
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 13181 Stoepel Street?
13181 Stoepel Street is listed at $210,000, or $81 per square foot.
How many bedrooms does 13181 Stoepel Street have?
This property has N/A bedrooms and 3 bathrooms, with 2,600 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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