Eastpointe, MI 48021,15321 E 9 Mile Road

$1,400,000

Est. payment /mo

$1,400,000

Est.Price: ?

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15321 E 9 Mile Road Eastpointe, MI 48021

24 Beds

24 Baths

19,392 SqFt

SOLD DATE : 10/24/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Upper/Lower Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 19,392 sqft

Price per Sqft $72

Subdivision George Fischer

MLS Listing ID 20240031219

Sold Date 10/24/24

Style Upper/Lower Apartment

Bedrooms 24

Full Baths 24

Originating Board Realcomp II Ltd

Year Built 1955

Annual Tax Amount $46,439

Lot Size 0.730 Acres

Acres 0.73

Lot Dimensions 200.00 x 160.00

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.

Location

State MI

County Macomb

Area Eastpointe

Zoning Multi-Family

Direction West of Gratiot Ave & on 9 Mile Rd. Across from Michigan International Prep School - Eastpointe on the north side of E 9 Mile Rd.

Rooms

Basement Interior Entry (Interior Access), Unfinished, Common

Interior

Interior Features Cable Available, Laundry Facility

Hot Water Natural Gas

Heating Forced Air, Separate Meters

Cooling Separate Meter, Window Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 26.0

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Upper/Lower Apartment

Level or Stories 2 Story

Structure Type Brick

Schools

School District Eastpointe Community Schools

Others

Pets Allowed Yes

Tax ID 1430356014

Ownership Short Sale - No,Private Owned

Assessment Amount $331

Acceptable Financing Cash, Conventional, Warranty Deed

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

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Realcomp MLS
Listed by Jerry Kizy of Keller Williams Somerset
Bought with Keller Williams Somerset

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