17328 Indiana Street
Detroit, Wayne County
$179,500
2 baths · 2,321 sq ft · Multi-family
- Year built
- 1928
- Lot
- 0.11 acres
- Annual taxes
- $8,286
- Garage
- 0 cars
- Days on market
- 157
- MLS number
- 20261041442
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.
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Listing courtesy of EXP Realty Main · (888) 501-7085
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