13167 Stoepel St, Detroit, MI 48238
- $225,000
- 23
- BA
- 2,600
- SqFt
- List Price
- $225,000
- MLS#
- 20261069356
- Status
- ACTIVE
- Bathrooms
- 23
- Subdivision
- ROBERT OAKMANS FORD HWY & GLENDALE
Property Description
Turnkey 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/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.
Additional Information
- Year Built
- 1927
- Basement Type
- Common, Full, Unfinished
- Acres
- 0.09
- Style
- Triplex
- Acres
- 0.09
- School District
- Detroit
- Heating
- Natural Gas, Radiant, Steam
- Garage Description
- On Street
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Courtesy of KW Grosse Pointe 3138867239