• 15321 E 9 Mile Road Eastpointe, Michigan 48021

  • $1,400,000
  • 28
    Bed(s)
  • 24
    Baths
  • 19,392
    Sq Ft
  • 0.73
    Acre

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.

Property Type :

Multifamily

Subdivision :

George Fischer

County :

Macomb

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 24

Full Baths: 24

Interior Features

Cable Available,Laundry Facility

Roof : Asphalt

Basement Description: Interior Entry (Interior Access),Unfinished,Common

Heating & Cooling

Cooling: Separate Meter,Window Unit(s)

Heating: Forced Air,Separate Meters

Heating Fuel: Natural Gas

Water Heater

Natural Gas

Building Information

Year Built: 1955

Building Stories: 2 Story

Total Units: 24

Roof: Asphalt

Foundation/Basement: Basement

Architecture: Upper/Lower Apartment

Exterior Features

Construction: Brick

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Water Heat: Natural Gas

Lot Information

Lot Size: 0.73

Lot Dimensions: 200.00 x 160.00

Frontage Feet: 200

Property Information

SQ ft: 19392

Subdivision: GEORGE FISCHER

Financing: Cash,Conventional,Warranty Deed

Listing Price Information

Original List Price: $1,400,000

Listing Information

Possession: At Close

Legal Description: GEORGE FISCHER'S SUBDIVISION LOTS 3 TO 6 INCL. EXC S 14.88 FT FOR ROAD LIBER 4, PAGE 45

Tax Information

Annual Tax: $46,439

Parcel Number: 1430356014

Possession

At Close

Legal Information

Legal Description: Section: GEORGE FISCHER'S SUBDIVISION LOTS 3 TO 6 INCL. EXC S 14.88 FT FOR ROAD LIBER 4, PAGE 45

Parking Information

Parking: 26

Multi-Unit Information

Road Frontage: Paved

Unit 1 Information

# of Bedrooms: 20

Unit 2 Information

# of Bedrooms: 4

School Information

School District: Eastpointe Community Schools

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
21941 Oakwood , Eastpointe, MI,48021 $79,900 1 1 736 0.31 Acre
17705 Stephens Drive , Eastpointe, MI,48021 $149,900 3 1 926 0.14 Acre
23069 Firwood Avenue , Eastpointe, MI,48021 $169,900 4 2.5 1,547 0.13 Acre
16811 Toepfer Drive , Eastpointe, MI,48021 $99,900 3 1 1,110 0.13 Acre
24243 Wilmot Avenue , Eastpointe, MI,48021 $109,900 2 1 1,134 0.11 Acre
21848 Tuscany Avenue , Eastpointe, MI,48021 $154,900 3 2 1,100 0.09 Acre
22418 Gascony Avenue, Eastpointe, MI,48021 $154,500 3 1 945 0.11 Acre
23110 Donald Avenue, Eastpointe, MI,48021 $147,500 3 1 1,068 0.1 Acre
21728 Cushing , Eastpointe, MI,48021 $155,000 3 1 1,015 0.09 Acre
21776 Lambrecht Avenue , Eastpointe, MI,48021 $149,500 3 1 1,142 0.1 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 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., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/23/2024 @ 10:37

MLS: 607220480
LISTED BY: Jerry Kizy , Keller Williams Somerset
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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