17328 Indiana Street, Detroit, MI 48221

Detroit
Local realty services provided by:ERA Prime Real Estate Group
17328 Indiana Street,Detroit, MI 48221
$179,500
  • - Beds
  • 2 Baths
  • 2,321 sq. ft.
  • Multi-family
  • Active
Listed by: carlo gobba
Office: exp realty main
MLS#:20261041442
Source:MI_REALCOMP

Price summary

  • Price:$179,500
  • Price per sq. ft.:$77.34

About this home

SHOWN UPON ACCEPTED OFFER ONLY. Solid brick 2-unit duplex, fully leased and professionally managed. One unit is 3 bed/1 bath, the other 2 bed/1 bath, plus basement. Rents today total $1,649/mo, well below market. At market rent of approx $1,200/unit, the projected cap rate is approx 6.5% (est. after actual taxes of $8,286/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Lower unit is month to month and can go to market now; upper lease ends 4/30/27. Newer furnaces, updated PEX plumbing and updated electrical. City of Detroit Certificate of Compliance on file through 08/01/2029, so no city compliance work needed for years. Leases and ledgers provided after accepted offer. Cash or conventional only. *Do not disturb tenants. Do NOT email offers; offer instructions and submission link are in ShowingTime and agent remarks.

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Home facts

  • Year built:1928
  • Subdivision & Development:SANTA MARIA PARK SUB
  • Listing ID #:20261041442
  • Added:141 day(s) ago
  • Updated:October 28, 2026 at 10:09 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Unfinished
  • Living area:2,321 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1928
  • Building area:2,321 sq. ft.
  • Lot area:0.11 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Basement, Block
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$179,500
  • Price per sq. ft.:$77.34
  • Tax amount:$8,286
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