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$145,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Municipality Eastpointe City
Subdivision Eastpointe City
MLS Listing ID 20261063537
Year Built 1926
Annual Tax Amount $1,255
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40X100
Source Realcomp
Property Description
Excellent income-producing opportunity at 22049 Cushing Ave! This duplex features two 1-bedroom, 1-bath units with established tenants currently in place who would like to stay. The front unit rents for $900/month and the rear unit rents for $975/month, generating a combined gross rental income of $1,875 per month or $22,500 annually. Utilities are currently included in the rent, and both tenants are on month-to-month leases, providing flexibility for the next owner.The property has benefited from several major improvements, including all-new PEX plumbing, all-new electrical, and a new sewer line to the road completed in 2020, along with a new HVAC system installed in 2022. These significant updates add tremendous value and help reduce concerns surrounding several major components of the property.With established rental income from day one and tenants interested in remaining, this is an attractive opportunity for an investor looking to add a performing multifamily property to their portfolio. Conveniently located near shopping, dining, major roadways, and everyday amenities. Don't miss this opportunity to own an income-producing duplex with substantial infrastructure improvements already completed. Schedule your showing today!
Location
State MI
County Macomb
Zoning Multi-Family
Direction S OFF 9 MILE/ E OF GRATIOT
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Others
Tax ID 1431233037
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Listed by Keller Williams Realty-Great Lakes
NEARBY SCHOOLS & PROPERTIES
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