Sold for $1,400,000

$1,400,000

15321 E Nine Mile Rd, Eastpointe, MI 48021

28beds

19,392sqft

Multi Family

Built in 1955

-- sqft lot

$1,378,700 Zestimate^®

$72/sqft

$1,150 Estimated rent

Home value

$1,378,700

$1.16M - $1.61M

$1,150/mo

Zestimate^® history

Owner options

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$1,150/mo

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$1,150/mo

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$9,179/mo

Est. payment

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$9,179/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 28
Bathrooms: 24
Full bathrooms: 24

Heating

Forced Air, Natural Gas, Separate Meters

Cooling

Separate Meters, Window Units

Appliances

Laundry: Common Area

Features

Basement: Common,Full,Interior Entry,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 19,392 sqft
Finished area above ground: 19,392

Property

Parking

Total spaces: 26
Parking features: Parking Lot, Unassigned

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 0.73 Acres
Dimensions: 200.00 x 160.00

Details

Parcel number: 1430356014
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Upper Lower Apartment
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Block
Roof: Asphalt

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Above Ground Utilities, Cable Available, Underground Utilities

Community & HOA

Community

Subdivision: GEORGE FISCHER

Location

Region: Eastpointe

Financial & listing details

Price per square foot: $72/sqft
Tax assessed value: $579,700
Annual tax amount: $46,439
Date on market: 5/14/2024
Cumulative days on market: 75 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Warranty Deed

Price history

Date	Event	Price
10/24/2024	Sold	$1,400,000$72/sqft
Source: Realcomp II #20240031219 Report a problem
7/28/2024	Pending sale	$1,400,000$72/sqft
Source: Realcomp II #20240031219 Report a problem
5/14/2024	Listed for sale	$1,400,000$72/sqft
Source: Realcomp II #20240031219 Report a problem
12/16/2023	Listing removed	--
Source: Zillow Rentals Report a problem
3/23/2023	Price change	$910+12.3%
Source: Zillow Rentals Report a problem
3/16/2023	Listed for rent	$810
Source: Zillow Rentals Report a problem