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About the Listing 105340 - RC361501
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 23 Full
- Appliances:
- Air Cond:
- Heating: Radiant,Steam
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2600
- Below Ground Sq Ft: n/a
- Basement: Block,Common
- Other: Cable/Internet Avail.
- Water: Public Water,Public Water at Street
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 36X108
- Roof:
- Others: Porch
- Sewer: Public At Street
- Parking Features: On Street
Financial Details
- Tax Amount: $4,204
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
13167 Stoepel Detroit, MI 48238
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