22911 Hayes Ave - Multi-Family FOR SALE


Eastpointe, MI 48021
$279,000 USD
22911 Hayes Ave, Eastpointe, MI for Sale
$279,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

22911 Hayes Ave
Eastpointe, MI 48021


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$279,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

3

PRICE/UNIT

$93,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

02-13-25-479-034

ASK ABOUT THIS PROPERTY

Jimmy SarosSaros Real Estate ServicesMore Info

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Jimmy SarosSaros Real Estate ServicesMore Info

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