Overview
- Multi Family
- 3
- 0
- 2600
Description
Updated Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hack
while tenants cover the mortgage. This updated triplex near Detroit’s historic Russell Woods neighborhood would generate $3,050/month in
projected gross rent across three spacious units; delivering dependable income with minimal overhead. The property includes a 3-bed/1-bath unit (1,300 sq ft, $1,300/mo) and two1-bed/1-bath units (700 sq ft at $900/mo, 600 sq ft at $850/mo), each offering updated finishes and solid market appeal.
Note: Roof on the property needs to be redone. Priced with condition in mind and still ready to deliver strong cash flow. Recent upgrades include new electrical panels, updated plumbing supply and drain lines, new carpet/laminate flooring, fresh paint and updated vanities; delivering a clean, low-maintenance product for any investor.
Investor highlights:
• NOI: $25,482
• Cap Rate: 12.13% (at $210,000 purchase price)
• Cash Flow (with 20% down): ~$12,766/year
• Cash-on-Cash Return: 30.40%
• Expenses include standard reserves for maintenance, property
management, and vacancy.
Also for sale is 13167 Stoepel another triplex. Acquire both triplex’s, maximize your wealth potential and continue to scale up your real estate portfolio.
Nearby School
-
High School District Detroit
