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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Eastpointe City
Subdivision Eastpointe City
MLS Listing ID 20240031219
Sold Date 10/24/24
Originating Board Realcomp
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 Macomb County - 50
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.
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID 1430356014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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