13167 Stoepel Street
Detroit, MI 48238
$225,000
- Lot
- 0.09 acres
- Year built
- 1927
- Property type
- E
- County
- Wayne
- MLS #
- 20261069356
About this home
Turnkey Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hackwhile tenants cover the mortgage. This updated triplex near Detroit’s historic Russell Woods/Nardin Park neighborhood would generate $2,930/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 two 1-bed/1-bath units (700 sq ft at $900/mo, 600 sq ft at $730/mo), each Recent upgrades include new electrical panels, updated plumbing supply and drain lines, new laminate flooring, fresh paint and updated vanities; delivering a clean, low-maintenance product for any investor.Investor highlights:• NOI: $24,373.20• Cap Rate: 10.83% (at $225,000 purchase price)• Cash Flow (with 20% down): ~$10,748.93/year• Cash-on-Cash Return: 23.89%• Expenses include standard reserves for maintenance, propertymanagement, and vacancy.
Listing courtesy of KW Grosse Pointe · Realcomp · Listing agent: Roland C Walker
Listing data is provided through the IDX programs of MichRIC, Realcomp, MiRealSource, Northern Great Lakes MLS, and Greater Lansing REALTORS. Information is deemed reliable but not guaranteed and should be independently verified. Listings held by brokerages other than Bergrand Realty are marked with the listing brokerage's name. Last updated November 8, 2026.