USAMIDetroitParkside Manor5569 Drexel St
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$169,999

Sold

3 months ago

5569 Drexel St, Detroit, MI

House

MLS® 20261007812

Buyer represented by an agent of Keller Williams Somerset

0 Bed

2 Bath

2986 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2986 sqft
Garage 
Taxes $2,168
Lot Size 
Approx. Age 1928
Avg. Price Per Sqft $56
MLS® Number 20261007812

Property Address: 5569 Drexel St, Detroit, MI, 48213-3754

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261007812
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1928
BasementFinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Apr 14, 2026End Date
$171,000Sold Price

Sold

Feb 6, 2026List Date
$169,999List Price
  • Commute

Commute

Starting Address
Destination Address
5569 Drexel St, Detroit, MI

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