$1,400,000
For Sale

15321 E 9 Mile Road

Eastpointe, MI 48021
19392 sqft | 24 baths | #20240031219
Browse 15 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

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.

  • Interior Details
      • CoolingSeparate Meter, Window Unit(s)
      • HeatingForced Air, Separate Meters
    • Beds & Baths
      • Total Baths24.00
      • Bathrooms24
      • Full Baths24
  • Property Details
      • Square Feet19392
  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1955
  • Community and Neighborhood Details
      • School DistrictEastpointe Community Schools
      • ZoningMulti-Family
      • RegionEastpointe
      • CountyMacomb
  • Financial Details
      • Original List Price$1,400,000
  • Other
      • MLS #20240031219

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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