13167 Stoepel Street, Detroit, MI 48238
13167 Stoepel Street, Detroit, MI 48238
13167 Stoepel Street, Detroit, MI 48238
13167 Stoepel Street, Detroit, MI 48238
13167 Stoepel Street, Detroit, MI 48238
13167 Stoepel Street, Detroit, MI 48238
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Kory Lambarth

Kory Lambarth

+1(313) 283-2781
$ 225,000
Est. payment | /mo

23 Baths

3,920 Sqft Lot

Save
$ 225,000
Est. payment | /mo
Save

23 Baths

3,920 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261069356

HOA Y/N true

Year Built 1927

Annual Tax Amount $4,204

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 36X108

Source Realcomp

Property Description

Turnkey Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hackwhile 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, propertymanagement, and vacancy.

Location

State MI

County Wayne

Zoning Multi-Family,Residential

Direction Take Livernois south past Davison. Go west on Buena Vista and north on Stoepel.

Interior

Heating Radiant, Steam

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W16I019671S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by KW Grosse Pointe

NEARBY SCHOOLS & PROPERTIES

Kory Lambarth

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 283-2781

kory@korvanrealty.com

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13167 Stoepel Street