13167 Stoepel Street, Detroit, MI 48238

Detroit, MI, 48238

$225,000 · — beds · — baths · — sq ft

About this property

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.

Listed by KW Grosse Pointe · MLS 20261069356

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