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    12380 Stoepel St Detroit, MI 48204

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    For Sale
    $125,000

    Brick triplex with long-term, stable tenants and updated mechanicals.

    Lot size:
    0.09 Acres

    Property Features for 12380 Stoepel St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1927

    Source: Real Estate Management Specialists Inc Agent Robert LaBute

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stable Tenant Brick Triplex

    This brick triplex presents an investment opportunity with stable tenants. The lower unit has been occupied for over 7 years, while the upper two units, occupied by a mother and daughter, each have over 6 years of residency. Updates to the units include mechanical systems, GFA units, water heaters, and updated electric circuit breaker panels. The lower unit features a separate entrance, while the upper units share a common entrance on the front porch with two separate entrances to the units. All tenants have a history of perfect payment, managed by REMS, Inc. Land Contract terms are available from the sellers.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1400339
    Latitude
    42.3805174

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    FAQs

    What type of property is this?
    Triplex - Brick triplex with long-term, stable tenants and updated mechanicals.
    Where is this triplex located?
    The property is located at 12380 Stoepel St Detroit, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Unique 3-family unit investment property.; - Stable tenants with long-term occupancy (7+ and 6+ years respectively).; - Perfect tenant payment history managed by REMS, Inc.
    (313) 533-6300
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    12380 Stoepel St Detroit, MI 48204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12380 Stoepel St Detroit, MI 48204
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