9
See all 9 photos
$64,900
Est. payment /mo
2 Baths
2,400 SqFt
Coming Soon
12796 Stoepel Detroit, MI 48238
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $27
MLS Listing ID 20261041909
Style Colonial
Full Baths 2
Year Built 1926
Property Sub-Type MultiFamily
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)
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
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Common, Full, Unfinished
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
Exterior Feature PrivateEntrance
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer Sewer At Street
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, FHA203K
Listing Terms Cash, FHA203K
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Listed by Danny Peterson of EXP Realty Main
NEARBY SCHOOL & BUSINESS
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