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

Lot Size

0.08

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60315652

Features
Interior
Interior Amenities Cable/Internet Avail.
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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General
Heating Hot Water
Possession At Close
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1928
Subdivision PARKSIDE MANOR MI
Water Heater Gas
County Wayne
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
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 C
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA FHA 203K
Legal Description W DREXEL 293 PARKSIDE MANOR SUB L45 P53 PLATS W C R 21/675 35 X 100
DOM 539
Postal Code 48213
Price Per Sq Ft Total AG 76.64
Public Remarks 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
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Exterior
Exterior Brick
Exterior Amenities Porch Exterior Balcony
Frontage 35
Lot Size Area 0.08
Lot Dimensions 35.00 x 100.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Adrienne Ponce

Listing Agent

Exp Realty Main

Broker

adrienne.ponce@exprealty.com

Email

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
759604 Elementary School
760475 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