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-familyProperty Type
1955Year Built
0.73 acresLot Size
$72Price/Sq.Ft.
26 spacesParking
Listed by Jerry Kizy• Keller Williams Somerset
Listed by Michael Allen• Keller Williams Paint Creek
Bought with Joseph Hammel• Keller Williams Somerset
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.
REALCOMP #20240031219
Oct 24, 2024
Sold
$1,400,000
$72/sq ft
Jul 28, 2024
Pending
—
May 14, 2024
Listed
$1,400,000
$72/sq ft
As the MLS and public records start to fill up, we'll list the details here.