Investors looking for an income-generating property with Tenants in place. Wood floors throughout. One bedroom upper unit collects $890 cash. Three bedroom lower unit collects $900/month Section 8 and single tenant has been in place since 2017. Lower unit can be rented for increased cash or Section 8 once short lease expires and can collect approximately $1300/month from Section 8. Recent work in 2024 done includes: upper unit bathroom refreshed with new vanity and tub surround, upper unit furnace serviced, backyard soil levelled, front and backyard roof overhangs replaced. Large backyard with large cement pour for multiple vehicle parking. Two car garage. Basement walls solid with no water problems. Appliances including washer and dryer in basement included. Upper unit has sun porch. Agent-owned. Owner will consider land contract terms with 30% down. Please call to schedule a showing.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1930
Living Area: 1,435 SqFt
Listing Office:
Office Name: Braven Enterprises LLC
Office Phone: (248) 457-5499
Listing Agent: Daniel Farkas
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: OneCarGarage
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: Gratiot Avenue North turn left onto Crescentwood Avenue turn left onto Maplewood Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $159,000
Price Per SqFt: $111/SqFt
Tax Information:
Annual Amount: $2,212
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Eastpointe, MI.
This property is $912 less than the Median Sold Price and $1/SqFt more than other homes in Eastpointe, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240085472
Listing Office:
Office Name: Braven Enterprises LLC
Office Phone: (248) 457-5499
Listing Agent: Daniel Farkas
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$861
Per Month
Principal & Interest
$794
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$543
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Pleasantview Elementary School
16501 Toepfer Dr
Distance between this listing and this school0.65 miles
Public District Grades 3-5
1
/10
Fisher Magnet Lower Academy
15510 E State Fair St
Distance between this listing and this school1.18 miles
Public Magnet Grades PK-5
2
/10
Bellview Elementary School
15800 Bell Ave
Distance between this listing and this school1.24 miles
Public District Grades 3-5
Nearby Schools
3
/10
Eaton Academy
21450 Universal Ave
Distance between this listing and this school0.37 miles
Public Charter Grades PK-8
4
/10
Macomb Montessori Academy
14057 E 9 Mile Rd
Distance between this listing and this school0.95 miles
Public Charter Grades PK-8
2
/10
Academy of Warren
13943 E 8 Mile Rd
Distance between this listing and this school1.06 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
East Detroit High School
15501 Couzens Ave
Distance between this listing and this school0.31 miles
Public District Grades 9-12
1
/10
Eastpointe Virtual Academy
15320 E 9 Mile Rd
Distance between this listing and this school0.31 miles
Public District Grades 6-12
3
/10
Chandler Park Academy High School
20254 Kelly Rd
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $38,088. Typical income of Eastpointe, MI residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 15251 Maplewood Ave in Eastpointe, MI and zip code 48021. This 1,435 square foot home, which was built in 1930, sits on a 0.13 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $159,000.
In November 2024, from all listings sold in Eastpointe, MI there were more than 8 sold above asking price, over 9 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Eastpointe, MI between October 2024 and November 2024 increased by 13.8%. In November 2024 median list price was $159,912 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.