15105 Maplewood Avenue, Eastpointe, Michigan 48021

$335,000

Property Details

MLS#: 20261042699
Bedrooms: N/A
Bathrooms: 3.5
Square Feet: 3,817
Price per Sqft: $88
Lot Size: 0.16 acres
Year Built: 1928
Property Type: ResidentialIncome
Status: Active
Days on Market: 8

Description

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 nearly $46,000 in annual gross income and CAP Rate of 7.5%. 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.

Location

This property is located in Eastpointe, Michigan. Eastpointe is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 15105 Maplewood Avenue?

15105 Maplewood Avenue is listed at $335,000, or $88 per square foot.

How many bedrooms does 15105 Maplewood Avenue have?

This property has N/A bedrooms and 3.5 bathrooms, with 3,817 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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