MLS # 20261045429 (Realcomp)

Rare 3 unit apartment building investment opportunity in Eastpointe! Offering the chance to generate passive income or "house hack" by living in one unit while renting out the other two to help offset your mortgage and expenses. This well-maintained 3-unit property offers strong income potential, with projected monthly rents totaling $2,850.The first-floor unit features 2 bedrooms and 1 full bathroom, complete with a brand new kitchen and updated bathroom. Upstairs, the 1-bedroom, 1-bath unit also boasts updated kitchen and bathroom finishes. These units also have all new flooring, paint, & window shades. The studio unit is currently tenant-occupied at $800 per month, providing immediate income. Thoughtfully maintained throughout, the property includes replacement windows, a new water heater, separate electrical service with circuit breakers for each unit, and common laundry facilities in the basement. The building is serviced by one furnace. Outside, you'll find a generously sized lot with three off-street parking spaces. Perfect for both owner-occupants and investors, this clean, well-kept property is full of potential! Showings are available for the two vacant units only, with access to the occupied studio unit provided upon an accepted offer.
Source: SparkMLS
3-bath home in Eastpointe in Eastpointe built in 1938.
Listed at $290,000.
Estimated annual property tax: $6,732, or about $561 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
BELL REALTY CO'S HALFWAY PARK LOT 42 LIBER 4, PAGE 25
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James B Saros
Jim Saros Real Estate Services
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
22911 Hayes Avenue, Eastpointe, MI 48021
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Municipality
Eastpointe
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County
Macomb County
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