32
See all 32 photos
$335,000
Est. payment /mo
4 Baths
2,557 SqFt
Active
15105 Maplewood Avenue Eastpointe, MI 48021 2203
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by National Realty Centers, Inc
Nearby Locations
GET MORE INFORMATION