5569 Drexel Street Detroit, MI $ 200,000
5569 Drexel Street
$ 200,000
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5569 Drexel Street

Detroit, MI, 48213
$ 200,000
Baths2.0 Sq 1,981

Monthly Estimate*

$ 1,231

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Studio

Multi-Family Home for sale in Detroit, MI

for $200,000 with 2 full baths. This 1,981 square foot home was built in 1928 on a lot size of 0.08.

LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE, YOU WILL FIND 5569 DREXEL NESTLED ON A 3,833 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY WINDOW IN THIS COMPOUND IS BRAND NEW AND SHE HAS BEEN UPGRADED WITH NEW FURNACES, NEW ELECTRICAL, NEW PLUMBING AND HOT WATER TANKS TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2491 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

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Multi-Family Active

Price

$ 200,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,168

Style

Bungalow

Lot Size

0.08

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60968362

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1928
Subdivision Parkside Manor MI
Style Bungalow
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 29892
Ownership Private
Municipality Detroit
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions I-94 TO CONNER AVE SOUTH ON CONNER AVE TO E WARREN AVE EAST ON E WARREN AVE TO DICKERSON ST SOUTH ON DICKERSON ST TO DREXEL ST EAST ON DREXEL ST TO PROPERTY.
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description W DREXEL 277 & 1/2 OF VAC ALLEY ADJ PARKSIDE MANOR SUB L45 P53 PLATS W C R 21/675 35 X 109
DOM 1
Postal Code 48213
Price Per Sq Ft Total AG 100.96
Public Remarks LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE YOU WILL FIND 5569 DREXEL NESTLED ON A 3
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Interior
Basement Block Finished
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick
Lot Size Area 0.08
Lot Dimensions 35X100
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

laurynlojo@gmail.com

Email

Affordability Calculator

$1,412
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$181
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2/6/2026$200,000 Listed Price

Map


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5569 Drexel Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $200,000 with 1,981 sqft and a lot size of 0.08. 5569 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