$145,000

5271 Drexel St Detroit, MI 48213

$1,722
Closing credit¹
2 full
1,892 sqft
0.08 acres
$77 / sqft
Multi-Family

Property details

About 5271 Drexel St

Exceptional Investment Opportunity in a Thriving Neighborhood!!!Seize the chance to own a cash-generating duplex in one of the most progressive and up-and-coming areas. This fully occupied property, currently home to long-term tenants on month-to-month leases, guarantees immediate cash flow with the potential for continued occupancy. There are many property highlights that would catch the eye of any savvy investor. This duplex has modern upgrades each unit has been recently updated in 2024, showcasing sleek, modern bathrooms and kitchens that enhance both aesthetic appeal and functionality. Enjoy the contemporary flair with newer kitchen cabinets that blend style and efficiency seamlessly. Rich hardwood floors grace both units, offering a perfect mix of durability and timeless beauty. This duplex represents an ideal entry point for new investors looking to dive into the real estate market, providing a manageable and lucrative opportunity from day one. For seasoned investors, the potential for impressive returns (ROI) is available in a rapidly growing market. **Important Note:** Please respect tenant privacy. DO NOT DISTURB OR APPROACH TENANTS. Adhering to tenant rights is crucial and in compliance with leasing laws.

Highlights

Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
Size1,892 sqft
BasementYes
Lot size0.08 Acres
Year built1928
ParkingOne Car Garage
MLS #20240041859
Garage1 space

Summary

  • MLS Number: 20240041859
  • MLS Name: Realcomp II Ltd
  • Office Name: EXP Realty Main
  • Office Phone: (888) 501-7085
  • Listing Agent: Adrienne Ponce

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of tudor house

$145,000

5271 Drexel St

$1,722

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$23,200$1,060
2023$18,800$1,060
2022$14,500$1,551
2021$9,000$1,551
2020$9,700$1,014
2018$7,800$1,014
2017$7,800$1,024

History based on county public records data.

Nearby schools

1

Wayne Elementary School

Public District PK-5

1.5 mi

10633 Courville St

1

Marvin L Winans Academy Elementary School

Public Charter KG-5

1.6 mi

9740 McKinney St

6

George Defer Elementary School

Public District KG-5

1.8 mi

15425 Kercheval Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $20,300. Most Detroit, MI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

76%
<35k
21%
35k-100k
2%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

50%
Single, No Kids
35%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
33%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • KiaKia
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 5271 Drexel St in Detroit, MI and zip code 48213 in the Chandler Park neighborhood. This 1,892 square foot home, which was built in 1928, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $145,000.

In February 2025 more than 68 listings in Detroit, MI were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 203 were sold below. The number of listings in Detroit, MI increased by 7% between January and February 2025. In February 2025 median list price was $88,760 and the average listing age was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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