15105 Maplewood Avenue, Eastpointe, MI 48021 2203
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15105 Maplewood Avenue, Eastpointe, MI 48021 2203
15105 Maplewood Avenue, Eastpointe, MI 48021 2203
15105 Maplewood Avenue, Eastpointe, MI 48021 2203
15105 Maplewood Avenue, Eastpointe, MI 48021 2203
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Realty Executives Home Towne

Realty Executives Home Towne

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$ 335,000
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15105 Maplewood Avenue Eastpointe, MI 48021 2203

4 Baths

2,557 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,557 sqft

Price per Sqft $131

Subdivision Mi

MLS Listing ID 61001808

Full Baths 3

Half Baths 1

Year Built 1928

Annual Tax Amount $9,096

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 70X100

Property Sub-Type Multi-Family

Property Description

This fully occupied, income-producing triplex offers strong cash flow from day one. The historic three-story brick building features three units - a three-bedroom, one-bath at 1,310 square feet and two one-bedroom, one-bath units - delivering $3,929 in monthly rental income and nearly $46,000 in annual gross income and CAP Rate of 7.5%. All units are leased, separately metered, and tenants pay electric. Rent covers heat-gas, water-sewer, snow removal, trash, and yard maintenance. Units 1 and 3 are Section 8, providing guaranteed government-backed rental payments. Major updates completed by the previous owner include a new roof, windows, and furnace in 2017–2018, and new exterior doors and water heater in 2020–2021. A single water heater and furnace service all units via a programmable thermostat. The partially finished basement houses a shared laundry facility, a half bath for landlord/property manager use, and 4 storage rooms. A detached 3 car garage sits vacant, offering additional rental income potential. Unit 1 features a private four seasons room filled with leaded glass windows and abundant natural light. Unit 2 enjoys a private balcony. The third level loft with original leaded glass windows presents an opportunity to be finished as a fourth income-producing unit. Sale includes all kitchen appliances, three washer/dryer sets, three window AC units, and an active Rental Certificate.

Location

State MI

County Macomb

Area Eastpointe (50026)

Zoning Multi-Family

Rooms

Basement Block, Partially Finished

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Exterior Feature Brick, Vinyl Siding

Amenities Available Laundry Facility

Building

Foundation Basement

Water Public Water

Structure Type Brick,Vinyl Siding

Schools

School District Eastpointe Community Schl

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by National Realty Centers, Inc

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15105 Maplewood Avenue