5 months on rocket

5271 Drexel St, Detroit, MI, 48213

$145,000

Home List Price

$1,722*

Closing Credit

2 Full Baths
1,892 SqFt
$77/SqFt
Multi

Location

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5271 Drexel St, Detroit$145,000

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1928
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240041859
Lot Size0.08 Acres
StatusActive

About 5271 Drexel St

Income generating duplex in progressive up and coming neighborhood. Updated modern bathrooms and kitchens. Newer kitchen cabinets. Hardwood floors throughout both units. Updated electrical. Updated plumbing. Newer roof. Long term month to month cash tenants who would like to stay. Each unit consists of a living room, dining room, renovated kitchen, renovated bathroom and two bedrooms. The perfect property for a new investor or seasoned investor looking for a high ROI. DO NOT DISTURB TENANTS. DO NOT APPROACH TENANTS.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1928
  • Stories: 3
  • Living Area: 1,892 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Adrienne Ponce

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: 100 Amp Service, Cable Available

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: 16 Mile to Mound to 696 E merge onto 696 E use the right two lanes to take the I-94 W exit towards Detroit. Take exit 222A for Outer Drive towards Chalmers turn left onto Outer Drive turn right onto Chalmers Park Dr turn left onto Drexel.

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,000
  • Price Per SqFt: $77/SqFt

Tax Information:

  • Annual Amount: $1,552
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

5271 Drexel St vs Detroit

161 DAYS ON ROCKET

+116 Days

$145,000

+$60K More

$77/SqFt

+$3 More

KEY TAKEAWAY

This property is $60K more than the Median Sold Price and $3/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240041859

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Adrienne Ponce

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,552$9,000
2020$1,014$9,700
2018$1,014$7,800
2017$1,024$7,800

History based on county public records data.

Payment Calculator

$791

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-404008
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.49 miles

  • Public District Grades PK-5

school-card-donut-404009
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.59 miles

  • Public Charter Grades KG-5

school-card-donut-404010
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,300. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5271 Drexel St

This home is located at 5271 Drexel St in Detroit, MI and zip code 48213 in the Chandler Park neighborhood. This 1,892 square foot home, which was built in 1928, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $145,000.

Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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