5271 Drexel Street
Detroit, MI 48213
- – beds
- 2 baths
- 1,892 sqft
- 3,485 sqft lot
- $76 per sqft
- 1928 build
- – on site
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.
Last checked:
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Last updated Mar 7, 2025
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MLS# 20240041859 —
The Building
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Year Built:1928
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Year Remodeled:2024
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Duplex
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Roof:Asphalt
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Levels:Three
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Basement:Full, Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Exterior Features:Balcony
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Patio And Porch Features:Porch
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Above Grade Finished Area:1892.0
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Below Grade Total Area:919
Interior
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Fireplace:false
Room Dimensions
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Living Area:1892.0
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Living Area Source:Owner
Location
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Directions:16 Mile to Mound to 696 E merge onto 696 E use the right two lanes to take the I-94 W exit towards Detroit. Take exit 222A for Outer Drive towards Chalmers turn left onto Outer Drive turn right onto Chalmers Park Dr turn left onto Drexel.
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Cross Street:Outer Drive and Chalmers
The Property
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Parcel Number:W21I050789S
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.08
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Lot Size Area:0.08
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Lot Size Dimensions:35.00 x 100.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family
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Road Frontage Feet:35
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (888) 501-7085
- Office phone:
- (888) 501-7085
Taxes
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Tax Legal Description:W DREXEL 293 PARKSIDE MANOR SUB L45 P53 PLATS, W C R 21/675 35 X 100
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Tax Assessed Value:8949
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Tax Annual Amount:1113.0
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Heating:HotWater, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Utilities:CableAvailable
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Electric:Service100Amp
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:PARKSIDE MANOR
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:No
Parking
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Garage:true
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Garage Spaces:1.0
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Attached Garage:false
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Parking Total:2.0
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Parking Features:OneCarGarage
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Listed / Active | REALCOMP | $145,000 |
