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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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15105 Maplewood Ave , Eastpointe, MI 48021
$315,000
Est. Payment: $700.00/mo
0 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 3
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House Description

Whether you're house-hacking your first home or adding turnkey cash flow to your portfolio, this historic three-story brick triplex delivers. Investors get a fully leased, income-producing building generating $3,829 in monthly rental income and nearly $46,000 in annual gross income from day one. Owner-occupants can live in one unit while two government-backed Section 8 tenants (Units 1 and 3) pay roughly $2,629 a month — more than a typical principal-and-interest payment — covering the bulk of your housing cost. Buy as an investment, or move in with low-down owner-occupied financing (FHA, VA, or conventional). The building features three units — a three-bedroom, one-bath at 1,310 square feet and two one-bedroom, one-bath units. All units are separately metered and tenants pay their own electric; rent covers heat-gas, water-sewer, snow removal, trash, and yard maintenance.Turnkey with nothing to fix — the big-ticket work is done: new roof, windows, and furnace (2017–2018) and new exterior doors and water heater (2020–2021). A single water heater and furnace serve all units via a programmable thermostat. The partially finished basement houses a shared laundry facility, a half bath, and four storage rooms, and a detached 3-car garage sits vacant for additional rental income.Unit 2 enjoys a private balcony — ideal for an owner-occupant — while Unit 1's three-bedroom layout includes a private four-seasons room filled with leaded glass windows and natural light. The third-level loft, with its original leaded glass windows, offers a path to a fourth income-producing unit. The property is Rental-Certified, and the sale includes all kitchen appliances, three washer/dryer sets, and three window AC units. Live in one and rent the rest, or rent all three — either way, this Maplewood classic works for you.

Highlights

Listed by Christian Draheim , 313-410-8445 National Realty Centers, Inc , 248-468-1444.

Property Type

Multi-Family

Lot/Acreage
0.16

HOA Fee

Year Built

1928

County

Macomb

Neighborhood

Eastpointe City

Listing ID

20261073893

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$700
Taxes
$758
HOA
$0

Home Price

$315,000

Loan Details

30 yrs
%

Down Payment

20%
$63,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$700.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $700.00 $758.00 $0.00 $1,458.00
Yearly $8,400.00 $9,096.00 $0.00 $17,496.00
Total $252,000.00 $272,880.00 $0.00 $524,880.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Eastpointe, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.