13181 Stoepel Street, Detroit, MI 48238 5102
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13181 Stoepel Street, Detroit, MI 48238 5102
13181 Stoepel Street, Detroit, MI 48238 5102
13181 Stoepel Street, Detroit, MI 48238 5102
13181 Stoepel Street, Detroit, MI 48238 5102
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ILink Real Estate Co

ILink Real Estate Co

+1(419) 277-7127
$ 210,000
Est. payment /mo
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13181 Stoepel Street Detroit, MI 48238 5102

3 Baths

2,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $80

Subdivision Mi

MLS Listing ID 61026274

Style 2 Story

Full Baths 3

Year Built 1927

Annual Tax Amount $3,260

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 36X108

Property Sub-Type Multi-Family

Property 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

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Block

Interior

Interior Features Cable/Internet Avail.

Heating Radiant, Steam

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water, Public Water at Street

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,FHA 203K

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Grosse Pointe
Nearby Locations
ILink Real Estate Co

ILink Real Estate Co

License ID: 2014002630

+1(419) 277-7127

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13181 Stoepel Street