5569 Drexel Street Detroit MI 48213 MLS #20261007812

5569 Drexel Street
Detroit, MI, 48213
$169,999
Beds
2 Baths
2,986 SqFt
0.08 Acres
Add
MLS #20261007812 image #0
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.

Property Details

Price:
$169,999
MLS #:
20261007812
Status:
Active
Beds:
0
Baths:
2
Type:
Single Family
Subtype:
Multi Family
Subdivision:
PARKSIDE MANOR
Neighborhood:
05041det68grflddequindre
Listed Date:
Feb 6, 2026
Finished Sq Ft:
2,986
Year Built:
1928
Short SaleBungalow05041 – Det 6-8 Grfld-dequindre05041det68grflddequindreParkside ManorDetroitCall

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
1981
Bathrooms
2 Full Bathrooms
Below Grade Finished Area
1005
Heating
Forced Air, Natural Gas
Levels
Two

Exterior

Architectural Style
Bungalow
Construction Materials
Brick

Financial

Net Operating Income
$29,892
Taxes
$2,168

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Single Family in Detroit as of Apr 25, 2026
3,238
Single Family Listed
121
Avg DOM
85
Avg $ / SqFt
$152,078
Avg List Price

Property Summary

    Located in the PARKSIDE MANOR subdivision, 5569 Drexel Street Detroit MI is a Single Family for sale in Detroit, MI, 48213. It is listed for $169,999 and features 0 beds, 2 baths, and has approximately 2,986 square feet of living space, and was originally constructed in 1928. The current price per square foot is $57. The average price per square foot for Single Family listings in Detroit is $85. The average listing price for Single Family in Detroit is $152,078. To schedule a showing of MLS#20261007812 at 5569 Drexel Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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