15105 Maplewood AVE, Eastpointe, MI 48021
15105 Maplewood AVE, Eastpointe, MI 48021
15105 Maplewood AVE, Eastpointe, MI 48021
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$335,000
4 Baths
2,557 SqFt
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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 2,557 sqft

Subdivision Halfway Little Farms # 01

MLS Listing ID 20261042699

Style Historic,Triplex

Full Baths 3

Half Baths 1

Year Built 1928

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type MultiFamily

Property 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 over $47,000 in annual gross income with a cap rate of 10.5%. 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

State MI

County Macomb

Area Area03161Eastpointe

Rooms

Basement Full, Partially Finished

Interior

Interior Features EntranceFoyer, ProgrammableThermostat

Heating Forced Air, Natural Gas

Cooling Ceiling Fans

Fireplace No

Laundry CommonArea, LaundryRoom

Exterior

Parking Features Garage, ParkingPad

Pool None

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District East Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No


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Realcomp MLS
Listed by Christian Draheim of National Realty Centers, Inc

NEARBY SCHOOL & BUSINESS

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Larry Klavitter

Larry Klavitter

Team Leader | License ID: 364259

+1(248) 935-7959

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15105 Maplewood AVE