21925 Elroy AVE WarrenCity_Macomb Michigan 48089

21925 Elroy AVE, WarrenCity_Macomb, Michigan, 48089
$3,150,000

Basics

Status Category Type Year built 1954
Area, sq ft 900 sq ft MLS ID 5050212574 Date added Added 3 hours ago Subdivision Name KAISER GARDENS SUB
Bathrooms Full 1 Lot Size Acres 0.14 acres Address 21925 Elroy AVE, WarrenCity_Macomb, Michigan, 48089

Description

  • Description:

    This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan, sold together as one transaction. It is a turnkey package for an investor who wants real scale on day one instead of piecing it together one house at a time. All 19 homes are occupied and producing, with $343,380 in gross annual rent already in place and professional management running the day to day. The homes are spread across 11 established metro Detroit suburbs in Macomb, Oakland, and Wayne counties, so the income sits across a wide footprint instead of riding on one neighborhood. The mix is mostly three bedroom single family homes, with several four bedroom and multi bath homes in the group. Many of the homes have been renovated, with a handful fully redone in 2024 and 2025. 15 of the 19 homes are on month to month leases, which gives a new owner room to move below market rents toward market on a normal turn and renewal cycle. Tenants cover their own utilities. A full Offering Memorandum with verified financials, the rent roll, taxes, insurance, and full expense detail is available as a private document to qualified buyers under NDA. The 19 homes included in this offering: 22700 Arcadia, St. Clair Shores 61 Madison, Clawson 164 and 160 W Muir, Hazel Park 26135 Groveland, Madison Heights 26096 Delton, Madison Heights 21751 Bournemouth, Harper Woods 19537 E 12 Mile, Roseville 22020 Dante, Oak Park 21925 Elroy, Warren 12739 Sherman, Warren 11043 Hupp, Warren 15687 Ash, Eastpointe 22020 Sunset, Oak Park 32325 Parkwood, Westland 23021 Almond, Eastpointe 20237 Midway, Southfield 20640 Westhaven, Southfield 22456 Gascony, Eastpointe 34000 Fernwood, Westland Request the private Offering Memorandum and schedule your portfolio review today before someone else does. *Property is occupied please do not approach*

Rooms

  • Bedrooms: 3 beds
  • Bathrooms: 1 bath

Building Details

  • Basement YN: No
  • Sewer: PublicSewer
  • Heating: ForcedAir, NaturalGas, SeparateMeters
  • Garage YN: No
  • Levels: Two

Location

Amenities & Features

  • Waterfront YN: No
  • Fireplace YN: No
  • Pool YN: No
  • WaterSource: Public

Financial

  • Homestead YN: No

School Information

  • High School District: EastDetroit

Miscellaneous

  • Listing Terms: Cash, Conventional

Courtesy of

  • List Office Name: EXP Realty

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This style property is located in WarrenCity_Macomb is currently and has been listed on Household Real Estate. This property is listed at $3,150,000. It has 3 beds bedrooms, 1 bath bathrooms, and is 900 sq ft. The property was built in 1954.

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