7
See all 7 photos
$179,500
Est. payment /mo
2 Baths
2,321 SqFt
Active
17328 Indiana ST Detroit, MI 48221
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,321 sqft
Price per Sqft $77
Subdivision Santa Maria Park Sub
MLS Listing ID 20261041442
Style Colonial
Full Baths 2
Year Built 1928
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type MultiFamily
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.
Location
State MI
County Wayne
Area Area05041Det68Grflddequindre
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
Pets Allowed Size Limit
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Listed by Carlo Gobba of EXP Realty Main
NEARBY SCHOOL & BUSINESS
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