13167 Stoepel St

Detroit MI 48238

2600 sq. ft.

0.09 ac.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

23 bathrooms

2600 sq. ft. floor area

0.09 ac. lot size

Multi-Family

Property history for 13167 Stoepel St

2019

Rented

Undisclosed

22 Oct 2019 by Willis Realty Llc

2017

Sold

$27,500

05 Oct 2017 by Mia Hall, of James Hall Realty

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