5271 DREXEL Street Detroit, MI $ 145,000
5271 DREXEL Street
$ 145,000
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5271 DREXEL Street

Detroit, MI, 48213
$ 145,000
Baths2.0 Sq 1,892

Monthly Estimate*

$ 905

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Studio

Multi-Family Home for sale in Detroit, MI

for $145,000 with 2 full baths. This 1,892 square foot home was built in 1928 on a lot size of 0.08.

Exceptional Investment Opportunity in a Thriving Neighborhood!!!Seize the chance to own a cash-generating duplex in one of the most progressive and up-and-coming areas. This fully occupied property, currently home to long-term tenants on month-to-month leases, guarantees immediate cash flow with the potential for continued occupancy. There are many property highlights that would catch the eye of any savvy investor. This duplex has modern upgrades each unit has been recently updated in 2024, showcasing sleek, modern bathrooms and kitchens that enhance both aesthetic appeal and functionality. Enjoy the contemporary flair with newer kitchen cabinets that blend style and efficiency seamlessly. Rich hardwood floors grace both units, offering a perfect mix of durability and timeless beauty. This duplex represents an ideal entry point for new investors looking to dive into the real estate market, providing a manageable and lucrative opportunity from day one. For seasoned investors, the potential for impressive returns (ROI) is available in a rapidly growing market. **Important Note:** Please respect tenant privacy. DO NOT DISTURB OR APPROACH TENANTS. Adhering to tenant rights is crucial and in compliance with leasing laws.

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Multi-Family Active

Price

$ 145,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,113

Style

Duplex

Lot Size

0.08

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240041859

Features
General
Sewer PublicSewer
Heating HotWater NaturalGas
Utilities CableAvailable
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Duplex
Pool Features None
Construction Materials Brick
Pets Allowed No
Year Built 1928
Levels Three
Property Subtype MultiFamily
County Wayne
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PARKSIDE MANOR
Garage Y/N N
Rent Includes Water
Full Baths 2
Status Active
Directions 16 Mile to Mound to 696 E merge onto 696 E use the right two lanes to take the I-94 W exit towards Detroit. Take exit 222A for Outer Drive towards Chalmers turn left onto Outer Drive turn right onto
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 1113.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 8949
TaxOtherAnnualAssessmentAmount 340.0
Expected Active Date 2024-06-13
Legal Description W DREXEL 293 PARKSIDE MANOR SUB L45 P53 PLATS W C R 21/675 35 X 100
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1892.0
Half Baths 0
Total Baths 2
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Exterior
Exterior Amenities Balcony
Water Source Public
Total Parking 2.0
Lot Size Area 0.08
Foundation Details Basement Block
Spa N
Lot Dimensions 35.00 x 100.00
Lot Size Acres 0.08
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5271
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* Excluded Features
List By
Adrienne Ponce

Listing Agent

Exp Realty Main

Broker

(888) 501-7085

Phone

Affordability Calculator

$997
Per Month
91%
9%
0%
Monthly Principal & Interest
$905
Monthly Property Taxes
$93
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/13/2024$145,000 Listed Price

Map


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5271 DREXEL Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $145,000 with 1,892 sqft and a lot size of 0.08. 5271 DREXEL Street is a studio with 2.0 baths and was built in 1928. The property's zip code is 48213 which is in Detroit, MI