5271 DREXEL Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,892 sqft
Price per Sqft $76
Subdivision Parkside Manor
MLS Listing ID 20240041859
Style Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1928
Annual Tax Amount $1,113
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35.00 x 100.00
Property Sub-Type Duplex
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 Det Con-Mors/Grat. Hstn/7 Mack
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.
Rooms
Basement Unfinished
Interior
Interior Features 100 Amp Service,Cable Available
Hot Water Natural Gas
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Porch Balcony,Porch
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Duplex
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W21I050789S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash,Contract,Conventional,FHA,FHA 203K,Warranty Deed
Rebuilt Year 2024
Listing Terms Cash,Contract,Conventional,FHA,FHA 203K,Warranty Deed
Financing Cash,Contract,Conventional,FHA,FHA 203K,Warranty Deed