17590 Stoepel St
Detroit, MI 48221
$180,000
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Top/Bottom Two-Unit income producing property adjacent to popular University and Bagley Districts. Fully rented and a half mile to University of Detroit Mercy. This property includes a 3 bed 1 bath main level unit, and a 2 bed 1 bath second level unit. Through the main door vestibule you will find a separate secured entrance for each unit and a stairwell to an unfinished, potential third income producing unit at 1512 feet. This basement unit also has a separate entrance via side door from driveway. The basement is currently used for shared laundry. $21,000 Projected Annual Gross Income, $17,500 NOI, 9.8% Cap rate. Main floor unit month to month at $900, Upstairs lease is month to month at $850. No viewings until an accepted offer. BATVAI

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Property Details
Status: Active
Listing Date 07/03/2021
County: Wayne
Acreage: 0.11
Lot Dimensions: 40.00X120.00
Subdivision: More Than One Subdivision Involved
School District: Detroit
Number of Units: 2
Style: Brownstone, Colonial, Other
Year Built: 1931
Possession: Subject To Tena
Total Finished SqFt: 3,084
Above Grade Finished SqFt 3,084
Exterior Features: Chimney Cap(s)
Basement: Unfinished
 
Cooling: Ceiling Fan(s)
Heating: Baseboard, Electric, Forced Air, Natural Gas
 
Listing Office: Kw Domain
Office Address: 210 S Old Woodward Ave Suite 200
Listing Number: 2210052323
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