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Jim Blehm

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

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13167 Stoepel St , Detroit, MI 48238
$225,000
Est. Payment: $500.00/mo
0 Bed
23 Bath
0 Sqft
Status: Active | Days on site: 16
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422259 - 361501
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House Description

Turnkey Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hackwhile 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, propertymanagement, and vacancy.

Highlights

Listed by Roland C Walker , 586-525-5138 KW Grosse Pointe , 313-886-7239.

Property Type

Multi-Family

Lot/Acreage
0.09

HOA Fee

Year Built

1927

County

Wayne

School District

Detroit

Listing ID

20261069356

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:23
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$500
Taxes
$350
HOA
$0

Home Price

$225,000

Loan Details

30 yrs
%

Down Payment

20%
$45,000
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Monthly Price:
$500.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $500.00 $350.33 $0.00 $850.33
Yearly $6,000.00 $4,204.00 $0.00 $10,204.00
Total $180,000.00 $126,120.00 $0.00 $306,120.00

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.