15321 E 9 Mile Road Eastpointe, MI $ 1,400,000
15321 E 9 Mile Road
$ 1,400,000
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15321 E 9 Mile Road

Eastpointe, MI, 48021
$ 1,400,000
Bedrooms28 Baths24.0 Sq 19,392

Monthly Estimate*

$ 9,305

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Multi-Family Home for sale in Eastpointe, MI

for $1,400,000 with 28 bedrooms and 24 full baths. This 19,392 square foot home was built in 1955 on a lot size of 0.73.

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.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

28

Full Bath

24

Property Type

Multi-Family

Taxes

$ 46,439

Style

Upper/Lower Apartment

Lot Size

0.73

Year Built

1955

Town/City

Eastpointe

County/Region

Macomb

MLS | Web ID

20240031219

Features
General
Interior Features Cable Available Laundry Facility
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air Separate Meters
Cooling Separate Meter Window Unit(s)
Rent Includes Snow Removal Trash Collection (Garbage Pickup) Yard Maintenance
Possession At Close
Pets Allowed Call
Zoning Multi-Family
Pool Y/N 0
Full Baths 24
Half Baths 0
Year Built 1955
Property Type Multifamily
Subdivision Name GEORGE FISCHER
Transaction Type Sale
Basement Type Interior Entry (Interior Access) Unfinished Common
Status Active
Short Sale No
Parking Total 26
Construction Materials Brick
Cumulative Days on Market 22
MLS Area Eastpointe
Directions West of Gratiot Ave & on 9 Mile Rd. Across from Michigan International Prep School - Eastpointe on the north side of E 9 Mile Rd.
City Eastpointe
Terms Offered Cash Conventional Warranty Deed
School District Eastpointe Community Schools
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name 9 Mile
Homestead 0
Assessment 331.00
Total Sq Ft 19392
DOM 22
Taxes 46439.0000
Legal Description GEORGE FISCHER'S SUBDIVISION LOTS 3 TO 6 INCL. EXC S 14.88 FT FOR ROAD LIBER 4 PAGE 45
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Interior
Heating Fuel Natural Gas
Basement Y/N 1
Total Units 24
Fireplace 0
Street Suffix Road
Total Baths 24.00
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Exterior
Waterfront 0
Lot Size Area 0.73
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 200.00 x 160.00
Roof Material Asphalt
Architecture Level 2 Story
Architecture Style Upper/Lower Apartment
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Jerry Kizy

Listing Agent

Keller Williams Somerset

Broker

(248) 649-7200

Phone

Affordability Calculator

$13,175
Per Month
71%
29%
0%
Monthly Principal & Interest
$9,305
Monthly Property Taxes
$3,870
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3909551 Elementary School
3909550 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$1,400,000 Listed Price

Map


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15321 E 9 Mile Road, Eastpointe, MI, 48021 is a Multi-Family Home for sale at $1,400,000 with 19,392 sqft and a lot size of 0.73. 15321 E 9 Mile Road has 28 bedrooms, 24.0 baths, and was built in 1955. The property's zip code is 48021 which is in Eastpointe, MI