See all 32 photos
32 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$315,000
Est. payment /mo
4 Baths
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Eastpointe City
Subdivision Eastpointe City
MLS Listing ID 20261073893
HOA Y/N true
Year Built 1928
Annual Tax Amount $9,096
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 70X100
Source Realcomp
Property Description
Whether you're house-hacking your first home or adding turnkey cash flow to your portfolio, this historic three-story brick triplex delivers. Investors get a fully leased, income-producing building generating $3,829 in monthly rental income and nearly $46,000 in annual gross income from day one. Owner-occupants can live in one unit while two government-backed Section 8 tenants (Units 1 and 3) pay roughly $2,629 a month — more than a typical principal-and-interest payment — covering the bulk of your housing cost. Buy as an investment, or move in with low-down owner-occupied financing (FHA, VA, or conventional). The building features three units — a three-bedroom, one-bath at 1,310 square feet and two one-bedroom, one-bath units. All units are separately metered and tenants pay their own electric; rent covers heat-gas, water-sewer, snow removal, trash, and yard maintenance.Turnkey with nothing to fix — the big-ticket work is done: new roof, windows, and furnace (2017–2018) and new exterior doors and water heater (2020–2021). A single water heater and furnace serve all units via a programmable thermostat. The partially finished basement houses a shared laundry facility, a half bath, and four storage rooms, and a detached 3-car garage sits vacant for additional rental income.Unit 2 enjoys a private balcony — ideal for an owner-occupant — while Unit 1's three-bedroom layout includes a private four-seasons room filled with leaded glass windows and natural light. The third-level loft, with its original leaded glass windows, offers a path to a fourth income-producing unit. The property is Rental-Certified, and the sale includes all kitchen appliances, three washer/dryer sets, and three window AC units. Live in one and rent the rest, or rent all three — either way, this Maplewood classic works for you.
Location
State MI
County Macomb
Zoning Multi-Family
Direction Gratiot to Crescentwood go West to Maplewood go South.
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick,Vinyl Siding
Others
Tax ID 1431153006
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Read Less Info
Listed by National Realty Centers, Inc
NEARBY SCHOOLS & PROPERTIES
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "