Detroit, MI 48204,12073 STOEPEL Street

$100,000

Est. payment /mo

$99,999

Est.Price: ?

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12073 STOEPEL Street Detroit, MI 48204

3 Beds

2.5 Baths

2,600 SqFt

SOLD DATE : 09/25/2023

Key Details

Sold Price $100,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $38

Subdivision Robert Oakmans Cortland & Ford Highway (Plats)

MLS Listing ID 20230041553

Style Colonial

Bedrooms 3

Full Baths 2

Half Baths 1

Year Built 1927

Annual Tax Amount $1,509

Lot Size 3,484 Sqft

Property Description

Welcome to this brick, two-story multi-unit property located in the vibrant city of Detroit. With its convenient location and attractive features, this property presents a fantastic investment opportunity for savvy buyers. This two-level property features three units, including one spacious three-bedroom unit and two comfortable one-bedroom units. Each unit offers a versatile living arrangement for tenants or occupants. The first floor living and dining rooms have been freshly painted, creating a modern and inviting ambiance.
The property showcases decorative archways, beveled glass windows and interior doors, and a large front porch, perfect for relaxing. The pride of ownership is evident throughout, as this property has had only one dedicated owner for the past 70 years.
In terms of investment potential, this property can generate substantial income, with the potential to earn up to $2,800 per month when fully rented. Detroit's rental market is thriving, making this property an excellent opportunity for those seeking a steady stream of rental income.
Conveniently situated in Detroit, this property offers easy access to a variety of amenities, including shops, restaurants, and entertainment options. Its central location provides a desirable lifestyle for both residents and tenants.
Don't miss out on this remarkable opportunity to own a multi-unit property in Detroit. Whether you're an investor searching for an income-generating asset or an individual looking to live in one unit while renting out the others, this property offers endless possibilities. Schedule a showing today and envision the potential that awaits within these walls.

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Residential

Interior

Heating Hot Water

Exterior

Exterior Feature Fenced

Garage Spaces 2.0

Pool No

Waterfront no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $240

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

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Realcomp MLS
Listed by Good Company
Bought with Downtown Realty

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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