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15105 Maplewood Ave

eastpointe, MI 48021

$335,000

  • 3 BA, 1 HALF BA
    approx. 3,817 SF

Interested? Let's Connect

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 nearly $46,000 in annual gross income and CAP Rate of 7.5%. 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 2017–2018, and new exterior doors and water heater in 2020–2021. 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.

Details

3,817 Sq Ft

6,969.6 Sq Ft Lot Size

investment

$758 Monthly Tax

Built in 1928

MLS/Listing ID 20261042699

3 Units

Amenities & Features

Laundry Room

Common Area

Parking - Parking Pad

Parking - Garage

Style - Triplex

Construction - Vinyl Siding

Construction - Brick

Cooling - Ceiling Fans

Block

Basement

Heating - Natural Gas

Heating - Forced Air

Entrance Foyer

Programmable Thermostat

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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