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5569 Drexel Street, Detroit, MI 48213

Local realty services provided by:CENTURY 21 Curran & Oberski
5569 Drexel Street,Detroit, MI 48213
$200,000
  • - Beds
  • 2 Baths
  • 2,986 sq. ft.
  • Multi-family
  • Active
Listed by: lauryn johnson
Office: kw domain
MLS#:20261007812
Source:MI_REALCOMP

Price summary

  • Price:$200,000
  • Price per sq. ft.:$66.98

About this home

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 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 $2491 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.

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Home facts

  • Year built:1928
  • Listing ID #:20261007812
  • Added:5 day(s) ago
  • Updated:February 11, 2026 at 11:02 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:2,986 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1928
  • Building area:2,986 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$200,000
  • Price per sq. ft.:$66.98
  • Tax amount:$2,168
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