Skip To Content

12796 Stoepel

Detroit, MI 48238
  • $61,500
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 20261041909
UPDATED: 58 min ago
$61,500
  • 0
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $26
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

School District:

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)

Monthly Payment Calculator



[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-08T17:52:15.55.
www.sellsmi.com/homes/177351578
Print Image

12796 Stoepel Detroit, MI 48238

  • Price: $61,500
  • Status: Active
  • On Site: 63 Days
  • Updated: 58 min ago
  • MLS #: 20261041909
0
Beds
2
Baths
0
½ Baths
N/A
Acres
2,400
SQFT
$26
$/SQFT
1926
Built
Neighborhood:
Detroit (82001)
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
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)
Exterior Features

Exterior Construction Brick Foundation Type Basement Lot Size 36x108 Roads Paved Street Structure Style 2 Story Styles Colonial Waterfront YN No

Interior Features

Basement Type Common Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Community Amenities Private Entry Financial Terms CashFHA 203K For Sale Or Rent For Sale Lease YN No Municipality Detroit Municipality Type City Net Operating Income 15000 Ownership Private Property Type Multi-Family Separate Heat YN Yes SEV 29300 Sewer Septic Public At Street Subject To Short Sale Approval No Summer Tax Amount 1725 Taxable Value 18527 Total Tax Amount 1918.95 Water Public Water at Street Winter Tax Amount 193.95 Zoning Multi-Family

Listing courtesy of EXP Realty Main : 888-501-7085.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-08T17:52:15.55.
 
https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_19_60999782-2.jpg https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_19_60999782-2.jpg https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_19_60999782-2.jpg
Logo
The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507