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 8%. 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 2017ââ?¬â??2018, and new exterior doors and water heater in 2020ââ?¬â??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.
Well maintained and updated duplex in nice Eastpointe neighborhood. Perfect for house hacker or investor as upper unit is leased and lower unit is ready to lease or live in. Possible Airbnb also. Lower unit will have exclusive full basement acess with laundry and storage and use of the outside storage shed. It should rent for $1200+ with water included. Upper unit not available for viewing until accepted offer, but is very similar to lower unit without the decorative brick electric fireplace. Lots of charm with the original hardwood flooring and plaster coving. Kitchen and baths in both units updated. Lower with newer flooring, sink and counter tops. separate entrances off common front entrance, and two level deck recently refinished. extra large parking area in rear and small brick paver patio sitting area in back yard. spacious shed in backyard with pull down attic for additional storage as well. Brand new vinyl cedar shake style siding on upper story keeps with the original 1925 look. outside siding/soffits are all maintainence free. newer mechanicals including two furnaces and water heaters gas and electric metered separately for each unit. Newer interior plumbing and outside sewer line to street replaced. Land contract terms with $38,000 down.
Spacious 5-bedroom, 2-bath colonial located in Eastpointe, offering a versatile layout with 2 bedrooms on the main level and 3 additional bedrooms upstairs. This home provides a unique opportunity for those looking to create separate living spaces, with potential for an upper and lower unit setup. Major updates include a new roof (2024), hot water tank (2023),and nearly all windows replaced in 2025. The generous floor plan offers plenty of room to reimagine and customize to your needs. Situated on a nice lot with convenient access to local shopping, dining, and major roadways, this property is full of potential for the right buyer. Sold as-is.
Eastpointe is located in Michigan. Eastpointe, Michigan has a population of 34,148. Eastpointe is less family-centric than the surrounding county with 18.95% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Eastpointe, Michigan is $52,269. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Eastpointe is 37.9 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 33.5 inches per year, with 30.5 inches of snow per year.
