$ 335,000
-
$335,000
Price -
0
Bed -
4
Bath -
2,557
SqFt
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About the Listing 103903 - RC405395
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 over $47,000 in annual gross income with a cap rate of 8%. 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.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
61001808
Year Built
1928
Total Square Footage
2,557
Lot/Acreage
0.16
County
Macomb
Neighborhood
Halfway Little Farms # 01
Area
Eastpointe (50026)
School District
Eastpointe Community Schl
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full / 1 Half
- Appliances:
- Air Cond: Ceiling Fan(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2557
- Below Ground Sq Ft: n/a
- Basement: Block,Partially Finished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 70X100
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $9,096
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
15105 Maplewood Eastpointe, MI 48021
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