Mid-Mitten Realty
5271 DREXEL Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213 6744
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,892 sqft
Price per Sqft $76
Subdivision Mi
MLS Listing ID 60315652
Full Baths 2
Year Built 1928
Annual Tax Amount $1,113
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35.00 x 100.00
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Interior Features Cable/Internet Avail.
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $340
Energy Description Natural Gas
Financing Cash,Conventional,FHA,FHA 203K