Address
15321 E 9 Mile Road, Eastpointe, MI
Price
$ 1,400,000
Property Attributes
  • ID#20240031219
  • TypeMulti-Family
  • CountyMACOMB
  • CityEastpointe
  • AreaEastpointe
  • NeighborhoodGEORGE FISCHER
  • Zip48021
  • StyleUpper/Lower Apartment
  • Year Built1955
  • Taxes$ 46439
  • Price$ 1,400,000
  • Bedrooms28
  • Full Bathrooms24
  • Half Bathrooms0
  • Sqr Footage19392
  • Lot Size0.73 Acres
Data Source:
RealComp
Property Description

Situated on Nine Mile Road in Eastpointe, this apartment building presents a prime opportunity as a value-add property with significant potential. Comprising 24 units, including four two-bedroom units and twenty one-bedroom units, each unit features separated utilities. Water is either included in rent or charged back to tenants on a monthly basis. The building offers shared common areas in the basement, providing additional storage space. Tenants benefit from ample parking, and the property's proximity to major freeways ensures an easy commute. This property is ideal for investors seeking to add value and stabilize rents, capitalizing on its strategic location and promising market dynamics.

Price History
5/14/2024 Listed $1,400,000

General Features

Interior Features Cable Available,Laundry Facility
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air,Separate Meters
Cooling Separate Meter,Window Unit(s)
Rent Includes Snow Removal,Trash Collection (Garbage Pickup),Yard Maintenance
Possession At Close
Pets Allowed Call
Zoning Multi-Family
Gross Scheduled Income 247650.00
Full Baths 24
Year Built 1955
Property Type Multifamily
Subdivision Name GEORGE FISCHER
Transaction Type Sale
OccupantName Jerry Kizy
Basement Type Interior Entry (Interior Access),Unfinished,Common
Status Active
Short Sale No
Parking Total 26
Construction Materials Brick
Cumulative Days on Market 35
MLS Area Eastpointe
Directions West of Gratiot Ave & on 9 Mile Rd. Across from Michigan International Prep School - Eastpointe on the north side of E 9 Mile Rd.
City Eastpointe
Terms Offered Cash,Conventional,Warranty Deed
School District Eastpointe Community Schools
Ownership Status Short Sale - No,Private Owned
Assessment 331.00
Total Sq Ft 19392
DOM 35
Taxes 46439.0000
Legal Description GEORGE FISCHER'S SUBDIVISION LOTS 3 TO 6 INCL. EXC S 14.88 FT FOR ROAD LIBER 4,PAGE 45

Interior Features

Heating Fuel Natural Gas
Basement Y/N Yes
Total Units 24
Lock Box Type Appointment
Total Baths 24.00

Exterior Features

Lot Size Area 0.73
Water Source Public (Municipal)
Foundation Materials Block
Frontage Feet 200
Foundation Basement
Lot Size Dimensions 200.00 x 160.00
Roof Material Asphalt
Road Frontage Type Paved
Water Heater Fuel Natural Gas
Architecture Level 2 Story
Architecture Style Upper/Lower Apartment

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Remerica Hometown One and The Originating MLS(found above), © 2024 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is 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.

Data is updated as of June 25, 2024 12:05 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48021

Price
AVG $790K
$1.4M
Taxes
AVG $25,248
$46,439
Visits
AVG 85
176
Data Provided by Inside Real Estate®
Year Built
AVG 1951
1955

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