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$210,000
3 Baths ⋅ 20261069603 MLS ⋅ ACTIVE Status
Updated 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 neighborhood would generate $3,050/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 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, property management, 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.

13181 Stoepel St, Detroit

Courtesy of KW Grosse Pointe 3138867239
$225,000
23 Baths ⋅ 20261069356 MLS ⋅ ACTIVE Status
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.

13167 Stoepel St, Detroit

Courtesy of KW Grosse Pointe 3138867239
$90,000
4 Baths ⋅ 20261048285 MLS ⋅ ACTIVE Status
Excellent investment opportunity in a central Detroit location. This two-unit property is just minutes from downtown and conveniently located near three major freeways, public transportation, the library, grocery stores, stadiums, and many other local attractions. Each unit features three bedrooms, one full bathroom, a living room, dining room, and kitchen, offering spacious layouts with great potential. The property also includes a full common basement and a large third floor that offers the opportunity for additional living space or future expansion. Many improvements have already been started, including a newer roof, new Pella windows, updated electrical with separate meters and boxes, newer ductwork, and PEX plumbing. Some recessed lighting has also been installed, and the property features a beautiful oversized staircase in the main entry. Much of the demo work has already been completed, making this a great opportunity for an investor or owner-occupant to finish the project and add their own vision. Buyer/Buyer’s agent to verify all information. Contact your agent today for showing details.

12604 Stoepel St, Detroit

Courtesy of S&P Realty 7343337219