EastpointeCity_Macomb Michigan 48021

EastpointeCity_Macomb, Michigan, 48021
$335,000

Basics

Status Category Type Year built 1928
Area, sq ft 3817 sq ft MLS ID 20261042699 Date added Added 1 week ago Subdivision Name HALFWAY LITTLE FARMS # 01
Bathrooms Full 3 Lot Size Acres 0.16 acres Address EastpointeCity_Macomb, Michigan, 48021 Cooling CeilingFans

Description

  • 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.

Rooms

  • Bathrooms: 4 baths

Building Details

  • Roof:
  • Construction Materials: Brick, VinylSiding
  • Basement: ,
  • Architectural Style: Historic, Triplex
  • Basement YN: Yes
  • Sewer: PublicSewer
  • Heating: ForcedAir, NaturalGas
  • Garage YN: Yes
  • Levels: Three

Location

Amenities & Features

  • Waterfront YN: No
  • Pool Features: None
  • Fireplace YN: No
  • Pool YN: No
  • Parking Features: Garage, ParkingPad
  • WaterSource: Public

Financial

  • Homestead YN: No

School Information

  • High School District: EastDetroit

Miscellaneous

  • Listing Terms: Cash, Conventional
  • Pets Allowed: No

Courtesy of

  • List Office Name: National Realty Centers, Inc

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This style property is located in EastpointeCity_Macomb is currently and has been listed on Household Real Estate. This property is listed at $335,000. It has bedrooms, 4 baths bathrooms, and is 3817 sq ft. The property was built in 1928.

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