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Neil Hackler

[email protected] +1(773) 677-3479

$ 145,000

Est. payment -/mo

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Active

5271 DREXEL Street Detroit, MI 48213

2 Baths

3,484 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20240041859

Originating Board Realcomp

Year Built 1928

Annual Tax Amount $1,113

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 35.00 x 100.00

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 Wayne County - 100

Zoning Multi-Family

Direction 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 Chalmers Park Dr turn left onto Drexel.

Interior

Heating Hot Water

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I050789S

Acceptable Financing Cash, Conventional, FHA, Contract

Listing Terms Cash, Conventional, FHA, Contract

Listed by EXP Realty Main

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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