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

Studio Baths24.0 Sq 19,392

Monthly Estimate*

^$ 9,305

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Studio

Multi-Family Home for sale in Eastpointe, MI

for $1,400,000 with 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.

Multi-Family Active

Price

^$ 1,400,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 46,439

Style

Lot Size

0.73

Year Built

1955

Town/City

Eastpointe

County/Region

Macomb

MLS | Web ID

60307735

Features

General

Interior Features Cable/Internet Avail.

Heating Forced Air

Cooling Window Unit(s)

Possession At Close

Water Public Water

Status Active Active

Full Baths 24

Half Baths 0

Bathrooms 24

Year Built 1955

Parking Unassigned/General

Subdivision GEORGE FISCHER MI

Water Heater Gas

County Macomb

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Eastpointe

Zoning Multi-Family

Structure Style 2 Story

Area Eastpointe (50026)

Primary City 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

School District Eastpointe Community Schl

Street Name 9 Mile

Financial Terms Cash Conventional

Legal Description GEORGE FISCHER'S SUBDIVISION LOTS 3 TO 6 INCL. EXC S 14.88 FT FOR ROAD LIBER 4 PAGE 45

DOM 15

Postal Code 48021

Price Per Sq Ft Total 72.19

Coming Soon 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

Interior

Basement Block Common

Fireplace? No

Total Number of Units 24

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 200

Lot Size Area 0.73

Lot Dimensions 200.00 x 160.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Jerry Kizy

Listing Agent

Keller Williams Somerset

Broker

jerrykizy@kw.com

Affordability Calculator

$13,175

Per Month

Monthly Principal & Interest: $9,305
Monthly Property Taxes: $3,870
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Multi-family listings in Eastpointe, MI

Average List Price ^$790,000

Percent of Sale Price 44%

About Eastpointe, MI

32,821 Population

-4% Since 2002

^$43,966 Median Income

38.26 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2337160 Elementary School

2337161 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/14/2024	$1,400,000		Listed Price

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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 is a studio with 24.0 baths and was built in 1955. The property's zip code is 48021 which is in Eastpointe, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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15321 E 9 Mile Road

Multi-Family Home for sale in Eastpointe, MI

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