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$ 210,000
Est. payment | /mo
3 Baths
3,920 Sqft Lot
$ 210,000
Est. payment | /mo
3 Baths
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261069603
HOA Y/N true
Year Built 1927
Annual Tax Amount $3,260
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36X108
Source Realcomp
Property Description
Updated 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 neighborhood would generate $3,050/month inprojected 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, propertymanagement, 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
Zoning Multi-Family,Residential
Direction Take Livernois south then go west on Buena Vista the go 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 W16I019668C9
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by KW Grosse Pointe
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