5569 Drexel ST, Detroitcity_wayne, MI 48213
Brian Cook
Brian Cook

General Manager | License ID: 6501348888

+1(810) 240-1383

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$ 169,999

Est. payment | /mo

2 Baths

1,981 SqFt

$ 169,999

Est. payment | /mo

2 Baths

1,981 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 1,981 sqft

Price per Sqft $86

Subdivision Parkside Manor

MLS Listing ID 20261007812

Sold Date 04/15/26

Style Bungalow

Full Baths 2

Year Built 1928

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type MultiFamily

Property Description

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 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.

Location

State MI

County Wayne

Area Area05041Det68Grflddequindre

Rooms

Basement Finished

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 ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Lauryn Johnson of KW Domain
Bought with Keller Williams Somerset
Brian Cook
Brian Cook

General Manager | License ID: 6501348888

+1(810) 240-1383 | bcook@c21metrobrokers.com

GET MORE INFORMATION

Name
Phone*
Message

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5569 Drexel ST