$1,400,000
$1,400,000
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15321 E 9 Mile Road Eastpointe, MI 48021
24 Beds
24 Baths
19,392 SqFt
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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Bought with Keller Williams Somerset