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17590 Stoepel Street

Detroit, MI 48221
  • $180,000
  • STATUS: Active
  • ON SITE: 30 days
  • ID#: 2210052323
UPDATED: 48 min ago
$180,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,084
    SQFT
  • $58
    $/SQFT
Type:
Multi-Family
Built:
1931
County:
Zoning:
Residential
Lot Size Dimensions:
40.00X120.00

School Ratings & Info

School District:

Description

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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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-08-03T19:10:06.74.
www.nexushomesearch.com/homes/118978678
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17590 Stoepel Street Detroit, MI 48221

  • Price: $180,000
  • Status: Active
  • Updated: 48 min ago
  • ID#: 2210052323
0
Beds
2
Baths
0
½ Baths
0.11
Acres
3,084
SQFT
$58
$/SQFT
1931
Built
Neighborhood:
MORE THAN ONE SUBDIVISION INVOLVED
County:
Wayne
Area:
Det 6-8 Grfld-dequindre
School District:
DETROIT
Property Description
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
Exterior Features

Architecture Level 2 Story Architecture Style BrownstoneColonialOther Construction Materials BrickStone Exterior Features Chimney Cap(S) Foundation Details Basement Foundation Materials Brick Lot Size Dimensions 40.00X120.00 Pool YN No Porch Type DeckPorch Road Frontage Feet 40 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 2.00 Cooling Ceiling Fan(S) Heating BaseboardForced Air Heating Fuel ElectricNatural Gas Interior Features Cable AvailableCarbon Monoxide Alarm(S)High Spd Internet AvailHumidifierLaundry Facility Room Count 0 Sq Ft Combined 3084 Sq Ft Total Basement 1512 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 1 Unit Two Bed Number Of 1

Property Features

Assessment 0 Encroachment YN No Gross Scheduled Income 21000.00 Income Projection Projected Land Contract YN No Legal Rental Certified YN No Listing Financing CashConventional Monthly Rental Income 1750 Net Operating Income 17500.00 Number Of Units Leased 2 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 180 Rent Includes ElectricGarbage PickupSnow RemovalWater/SewerYard Maintenance Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 4446.0000 Tax Amount Winter 493.0000 Title Private - Owned Total Tax 4939.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 17590 STOEPEL ST Water Source Municipal Water Year Remodeled 2016 Zone Conform YN Yes Zoning Residential

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-08-03T19:10:06.74.
 
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