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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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12703 Stoepel St , Detroit, MI 48238
$228,000
Est. Payment: $506.67/mo
0 Bed
3 Bath
0 Sqft
Status: Pending | Days on site: 31
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419750 - 389958
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House Description

Income-producing brick triplex on Detroit's west side with two additional vacant lots included in the sale. The building consists of one 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. All units are occupied with tenants currently paying rent, providing immediate income from day one.The property has a current City of Detroit Certificate of Compliance and separate gas and electric meters for each unit. One shared water meter services the building.Recent improvements include a new sewer line to the city tap (2026), new sump pump (2026), and one newer furnace. The property has been maintained over the years, with repairs completed as needed.The two adjoining lots to the south create additional value and flexibility. Use them for tenant parking, outdoor space, future development opportunities, or simply hold them as part of your investment portfolio.Conveniently located near Livernois Avenue and the Lodge Freeway with easy access to major employment centers, transportation routes, and neighborhood amenities. A solid brick multi-family property with existing income, recent capital improvements, and extra land included in the sale. A great opportunity for investors looking to add a performing asset to their portfolio.

Highlights

Listed by Tracy A Petersen , 248-470-0216 VM Real Estate Group , 586-797-0999.

Property Type

Multi-Family

Lot/Acreage
0.09

HOA Fee

Year Built

1927

County

Wayne

School District

Detroit

Listing ID

20261044150

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:Sidewalk
Principal Interest
$507
Taxes
$201
HOA
$0

Home Price

$228,000

Loan Details

30 yrs
%

Down Payment

20%
$45,600
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Monthly Price:
$506.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $506.67 $201.17 $0.00 $707.83
Yearly $6,080.00 $2,414.00 $0.00 $8,494.00
Total $182,400.00 $72,420.00 $0.00 $254,820.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.