Courtesy of: Roland C Walker III, KW Grosse Pointe, realestate2477@gmail.com
Courtesy of: Roland C Walker III, KW Grosse Pointe, realestate2477@gmail.com
$225,000
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5 bed
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2,600 square feet
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23.00 Bath (23 Full)
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Lot: 0.09 Acres
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Other
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$225,000
13167 Stoepel Street 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.
Courtesy of: Roland C Walker III, KW Grosse Pointe, realestate2477@gmail.com
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