5569 Drexel Street, Detroit, MI 48213

• 2 baths |
• 2,986 sqft

Property Description

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 $2491 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.

Listing Status:

Active

Data Last Updated:

February 15, 2026 at 1:42PM

Listing Office:

KW Domain : 2485900800

Listing Agent:

Lauryn Johnson : 2482072994

MLS ID:

20261007812

Interior

• Basement: Finished
• Heating: Forced airNatural gas

Exterior

• Style: Bungalow
• Pool: None

Construction

• General: BrickTwoBasementBlock

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Detroit
• County: Wayne

Lot

• Zoning: W DREXEL 277 & 1/2 OF VAC ALLEY ADJ PARKSIDE MANOR SUB L45 P53 PLATSW C R 21/675 35 X 109W21I050773S

Utilities

• Water: Public
• Sewer: Public sewer

Financial

• Source: Realcomp II Ltd