BEDS0
BATHS2 full
SQUARE FEET2,321
MLS#20261041442
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONS A N T A M A R I A P A R K S U B
SCHOOLDetroit
Property Description
SHOWN UPON ACCEPTED OFFER ONLY. Solid brick 2-unit duplex, fully leased and professionally managed. One unit is 3 bed/1 bath, the other 2 bed/1 bath, plus basement. Rents today total $1,649/mo, well below market. At market rent of approx $1,200/unit, the projected cap rate is approx 6.5% (est. after actual taxes of $8,286/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Lower unit is month to month and can go to market now; upper lease ends 4/30/27. Newer furnaces, updated PEX plumbing and updated electrical. City of Detroit Certificate of Compliance on file through 08/01/2029, so no city compliance work needed for years. Leases and ledgers provided after accepted offer. Cash or conventional only. *Do not disturb tenants. Do NOT email offers; offer instructions and submission link are in ShowingTime and agent remarks.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Heating: Forced Air, Natural Gas
Home Style: Colonial
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $8,286
Year Built: 1928
Feature Descriptions
Days on Site: 118
Exterior: Brick
Lot Dimensions: 40X114.02
Parcel#: W16I035668S
Pets Allowed: Size Limit
Sewer: Public Sewer
Summer Tax: 7406
Units: 2
Water: Public
Winter Tax: 880
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: EXP Realty Main
Agency Phone: 8885017085
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 1,746.93 per month $1,004.07 Principal & Interest $690.50 Property Tax $52.35 Homeowner's Insurance
17328 Indiana Street | MLS# 20261041442
This multi-family property located at 17328 Indiana Street, Detroit, Mi 48221 is currently listed for sale with an asking price of $179,500. Indiana Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.