15321 East 9 Mile Road

Beds
19,392 Sq. Ft.
$72 / Sq. Ft.
19,392
Sq. Ft.
$72
per Sq. Ft.

Description

Situated on Nine Mile Road in Eastpointe, this apartment building presents a prime opportunity as a value-add property with significant potential. Comprising 24 units, including four two-bedroom units and twenty one-bedroom units, each unit features separated utilities. Water is either included in rent or charged back to tenants on a monthly basis. The building offers shared common areas in the basement, providing additional storage space. Tenants benefit from ample parking, and the property's proximity...Situated on Nine Mile Road in Eastpointe, this apartment building presents a prime opportunity as a value-add property with significant potential. Comprising 24 units, including four two-bedroom units and twenty one-bedroom units, each unit features separated utilities. Water is either included in rent or charged back to tenants on a monthly basis. The building offers shared common areas in the basement, providing additional storage space. Tenants benefit from ample parking, and the property's proximity to major freeways ensures an easy commute. This property is ideal for investors seeking to add value and stabilize rents, capitalizing on its strategic location and promising market dynamics.
  1. Listed by Jerry Kizy • Keller Williams Somerset
    P: (248)-670-4103 C: (248)-670-4103 jerrykizy@kw.com
  2. Listed by Michael J Allen • Keller Williams Paint Creek
    P: (248)-914-0847 C: (248)-914-0847 mallen@mjarealtor.com

Property Details for 15321 East 9 Mile Road

Architectural Style
2 Story
Subdivision Name
GEORGE FISCHER
Has Waterfront
No
Zoning Description
Multi-Family
LISTING CLOSED: 10/24/2024 12:00 AM

Property Details for 15321 East 9 Mile Road

StatusClosed
MLS #60307735
Days on Market73
Taxes$46,439 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1955
Lot Size0.73 AC / 31,798 SF
CountyMacomb County

Location

Listing Courtesy of Keller Williams Somerset; Keller Williams Paint Creek

Sold By LPS

Add your commute

Building Information for 15321 East 9 Mile Road

Stories2Residences24Year Built1955Building Size-Lot Size0.73 AC / 31,798 SF

Payment Calculator

$10,986 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,116

Property Taxes

$3,870

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 15321 East 9 Mile Road

Summary
Location and General Information
  • Cross Street: West of Gratiot Ave & on
  • Directions: West of Gratiot Ave & on 9 Mile Rd. Across from Michigan International Prep School - Eastpointe on the north side of E 9 Mile Rd.
  • Latitude: 42.464841
  • Longitude: -82.963862
  • MLS Area Major: Eastpointe (50026)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 1430356014
  • Tax Annual Amount: $46,439.00
  • Tax Assessed Value: 579700
  • Tax Other Annual Assessment Amount: $331.00
School Information
  • High School District: East Detroit
Parking
  • Attached Garage: No
  • Parking Features: Parking Lot, Unassigned
  • Parking Total: 26.0
Property
Lot Information
  • Frontage Length: 200.0
  • Lot Size Acres: 0.73
  • Lot Size Area: 0.73
  • Lot Size Units: Acres
  • Lot Size Dimensions: 200.00 x 160.00
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 19392.0
  • Building Area Total: 19392.0
  • Living Area: 19392.0
  • Living Area Source: Public Records
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1955
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Roof: Asphalt
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Common, Full, Interior Entry, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 24
  • Total Bathrooms: 24
  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
Income & Expenses
  • Gross Scheduled Income: $247,650

Property History for 15321 East 9 Mile Road

DateEvent & SourcePriceAppreciation
Dec 30, 2024

Sold (Public Record)

Public Record #1548020041

$1,400,000

+5.2% / yr

Oct 24, 2024

Sold

Realcomp #20240031219

$1,400,000
Oct 24, 2024

Sold

MiRealSource #60307735

$1,400,000
DateEvent & SourcePrice
12/30/2024

Sold (Public Record)

Public Record #1548020041

$1,400,000

+5.2% / yr

10/24/2024

Sold

Realcomp #20240031219

$1,400,000
10/24/2024

Sold

MiRealSource #60307735

$1,400,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 15321 East 9 Mile Road

Taxable ValueLand-Additions-Total-
Tax Record2024$47,676 ($3,973 / month)
Home Facts
Baths24Total Finished SqFt19,392 SqFtAbove Grade Finished SqFt19,392 SqFtStories2Lot Size32,017 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955ZoningRM-1CountyMACOMBAPN02-14-30-356-014

Schools near 15321 East 9 Mile Road

This home is within East Detroit Public Schools.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 7
Public - 8 to 12
Public - 8 to 12
Rating
School
Distance
Bellview Elementary School
Public3 to 5

Kelly Middle School
Public6 to 7

East Detroit High School
Public8 to 12

Eastpointe Alternative Center
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Somerset; Keller Williams Paint Creek

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