$1,400,000
$1,400,000
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15321 E 9 Mile Road Eastpointe, MI 48021 2212
24 Baths
19,392 SqFt
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 19,392 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 60307735
Sold Date 10/24/24
Style 2 Story
Full Baths 24
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 (50026)
Zoning Multi-Family
Rooms
Basement Block, Common
Interior
Interior Features Cable/Internet Avail.
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Eastpointe Community Schl
Others
Ownership Private
Assessment Amount $331
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
Read Less
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Bought with LPS