REDUCED! LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE, YOU WILL FIND 5569 DREXEL NESTLED ON A 3,833 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY WINDOW IN THIS… Read More COMPOUND IS BRAND NEW AND SHE HAS BEEN UPGRADED WITH NEW FURNACES, NEW ELECTRICAL, NEW PLUMBING AND HOT WATER TANKS TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2178 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of KW Domain, (248) 590-0800
Listing Snapshot
Days Online
57
Last Updated
Property Type
Multifamily
Square Ft.
1,981
Lot Size
0.08 Acres
Year Built
1928
MLS Number
20261007812
30 Days Snapshot Of 48213
$52k
-16%
(avg) sold price
17
0%
homes sold
59
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Finished, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1928, Architectural style: Bungalow, Brick, 1,981 total square feet, 2,986 combined square feet, 1,005 lower floor square feet, 1,005 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.08, Lot size dimensions: 35X100
Miscellaneous
Gross scheduled income: $29,892, Income projection: Actual, Monthly rental income: $2,491, Net operating income: $29,892
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