Photo 1 of 17328 Indiana Street, Detroit MI

For Sale

17328 Indiana StreetDetroit, MI 48221

$179,500

Listing courtesy of EXP Realty Main

Beds

Baths

2,321

Sqft

About

This Home

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.

Details

Property Type: Residential Income
Style: Multi Family
Year Built: 1928
Lot Size: 0.11 acres
Garage Spaces: 0
Heating: Forced Air, Natural Gas
Cooling: None
Basement: Unfinished
Annual Taxes: $8,286
MLS #: 20261041442

About Detroit

Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.

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