**Attention Investors & Developers!** Exceptional value-add opportunity with this large brick two-family property, ideal for a full renovation and long-term wealth-building strategy. The building has been taken down to the studs, providing a blank canvas to design and finish to your specifications. Two major capital improvements have already been completed, including a newer roof and vinyl replacement windows, helping reduce upfront renovation costs. Both units feature private front entrances and offer similar floor plans, with one upper and one lower unit. The common basement provides ample storage and could potentially be reconfigured to create separate tenant spaces. Utilities include one water meter, while gas and electric services are separately metered for each unit. Whether your strategy is BRRRR, buy-and-hold, or resale, this property presents significant upside potential for experienced investors seeking their next redevelopment project. Don't miss the opportunity to unlock the value this multifamily asset has to offer. Comparable Solds (12680 Santa Rosa for $197,500 on 5/11/26, 4308 Tyler St for $195,000 on 9/8/25)
Listed By
Agency Name: EXP Realty Main
Agency Phone: (888) 501-7085
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 381.96 per month $363.03 Principal & Interest $0.00 Property Tax (data not provided by mls) $18.93 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
12796 Stoepel | MLS# 20261041909
This multi-family property located at 12796 Stoepel, Detroit, MI 48238 is currently listed for sale with an asking price of $64,900. Stoepel is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.