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Jim Blehm

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

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12796 Stoepel , Detroit, MI 48238
$56,000
Est. Payment: $124.44/mo
0 Bed
2 Bath
0 Sqft
Status: Pending | Days on site: 78
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House Description

**Attention Investors & Developers!** Exceptional value-add opportunity with this large brick two-family property, ideal for a full renovation and long-term wealth-building strategy. The building has been taken down to the studs, providing a blank canvas to design and finish to your specifications. Two major capital improvements have already been completed, including a newer roof and vinyl replacement windows, helping reduce upfront renovation costs.Both units feature private front entrances and offer similar floor plans, with one upper and one lower unit. The common basement provides ample storage and could potentially be reconfigured to create separate tenant spaces. Utilities include one water meter, while gas and electric services are separately metered for each unit.Whether your strategy is BRRRR, buy-and-hold, or resale, this property presents significant upside potential for experienced investors seeking their next redevelopment project. Don't miss the opportunity to unlock the value this multifamily asset has to offer.Comparable Solds (12680 Santa Rosa for $197,500 on 5/11/26, 4308 Tyler St for $195,000 on 9/8/25)

Highlights

Listed by Danny Peterson , 810-423-6669 EXP Realty Main , 888-501-7085.

Property Type

Multi-Family

HOA Fee

Year Built

1926

County

Wayne

School District

Detroit

Listing ID

20261041909

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:

Exterior Features

Principal Interest
$124
Taxes
$160
HOA
$0

Home Price

$56,000

Loan Details

30 yrs
%

Down Payment

20%
$11,200
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Monthly Price:
$124.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $124.44 $159.91 $0.00 $284.36
Yearly $1,493.33 $1,918.95 $0.00 $3,412.28
Total $44,800.00 $57,568.50 $0.00 $102,368.50

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.