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$ 64,900
Est. payment /mo
New
12796 Stoepel Detroit, MI 48238
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261041909
HOA Y/N true
Year Built 1926
Annual Tax Amount $1,918
Lot Dimensions 36x108
Source Realcomp
Property Description
**Attention Investors & Developers!** Exceptional value-add opportunity with this large brick two-family property, ideal for a full renovation and long-term wealth-building strategy. The building has been taken down to the studs, providing a blank canvas to design and finish to your specifications. Two major capital improvements have already been completed, including a newer roof and vinyl replacement windows, helping reduce upfront renovation costs.Both units feature private front entrances and offer similar floor plans, with one upper and one lower unit. The common basement provides ample storage and could potentially be reconfigured to create separate tenant spaces. Utilities include one water meter, while gas and electric services are separately metered for each unit.Whether your strategy is BRRRR, buy-and-hold, or resale, this property presents significant upside potential for experienced investors seeking their next redevelopment project. Don't miss the opportunity to unlock the value this multifamily asset has to offer.Comparable Solds (12680 Santa Rosa for $197,500 on 5/11/26, 4308 Tyler St for $195,000 on 9/8/25)
Location
State MI
County Wayne
Zoning Multi-Family
Direction Take I-96 to Davison Fwy, East to Mansfield, South to address
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I018831S
Acceptable Financing Cash
Listing Terms Cash
Listed by EXP Realty Main
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