$1,400,000
SOLD OCT 24, 2024

15321 E 9 Mile Rd Eastpointe, MI 48021

28 Beds
24 Baths
19,392 Sq Ft
0.73 Acres

Recently Sold

$72 Per Sq Ft

73 Days on Market

Highlights

  • 0.73 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of October 2024

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.

Last Agent to Sell the Property

Jerry Kizy

Keller Williams Somerset License #6501411575

Keller Williams Somerset

Co-Listed By

Michael Allen

National Realty Centers, Inc License #6501394767

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.73 Acre Lot
  • Lot Dimensions are 200.00 x 160.00

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 24 Full Bathrooms
  • 19,392 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 26 Parking Spaces
  • Unassigned Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1430356014
  • $28,000 Seller Concession

Community Details

Overview

  • 24 Units
  • George Fischer Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 331.00
  • Year Built: 1955
  • State Equalized Value: 579700.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 24.00
  • Full Bathrooms: 24
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished, Common
  • Sq Ft Combined: 19392
  • Total Sq Ft: 19392
  • Sq Ft Total Bsmt: 9696

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 200
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 26

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Separate Meter, Window Unit(s)
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Eastpointe Community Schools

Lot Info

  • Lot Size Area: 0.73
  • Lot Dimensions: 200.00 x 160.00
  • Parcel Number: 1430356014
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 20630

Tax Info

  • Tax Amount Summer: 45140.0000
  • Tax Amount Winter: 1299.0000
  • Total Tax: 46439.0000
  • Taxable Value: 579700.0000

Multi Family

  • Gross Scheduled Income: 247650.00
  • Number Of Units Total: 24
  • Number of One Bedroom Units: 20
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 24

MLS Schools

  • School District: Eastpointe Community Schools

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Sold $1,400,000 0.0% $72 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $1,400,000 -- $72 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20240031219

Realcomp

Michigan Macomb County Eastpointe 48021

15321 E 9 Mile Rd, Eastpointe, MI

Homes for Sale in Eastpointe, MI

This home is located at 15321 E 9 Mile Rd, Eastpointe, MI 48021 and is currently priced at $1,400,000, approximately $72 per square foot. This property was built in 1955. 15321 E 9 Mile Rd is a home located in Macomb County with nearby schools including Bellview Elementary School, Eastpointe Middle School, and Macomb Montessori Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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