5271 Drexel St Detroit, MI 48213
Chandler Park NeighborhoodEstimated payment $839/month
Highlights
- Balcony
- Porch
- 4-minute walk to Chandler Park
- Cass Technical High School Rated 10
- Hot Water Heating System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1928 | Remodeled in 2024
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 35.00 x 100.00
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- 2 Full Bathrooms
- 1,892 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Outdoor Features
- Balcony
- Porch
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- Parkside Manor Subdivision
Listing and Financial Details
- Assessor Parcel Number W21I050789S
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,379 | $27,400 | $0 | $0 |
| 2024 | $808 | $23,200 | $0 | $0 |
| 2023 | $1,029 | $18,800 | $0 | $0 |
| 2022 | $1,085 | $14,500 | $0 | $0 |
| 2021 | $1,060 | $9,000 | $0 | $0 |
| 2020 | $1,060 | $9,700 | $0 | $0 |
| 2019 | $1,047 | $8,700 | $0 | $0 |
| 2018 | $941 | $7,800 | $0 | $0 |
| 2017 | $148 | $7,800 | $0 | $0 |
| 2016 | $1,312 | $14,200 | $0 | $0 |
| 2015 | $1,090 | $14,200 | $0 | $0 |
| 2013 | $1,056 | $16,660 | $0 | $0 |
| 2010 | -- | $24,425 | $626 | $23,799 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/13/2024 06/13/24 | For Sale | $145,000 | -- | $77 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Realcomp
MLS Number: 20240041859
APN: 21-050789
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.