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$145,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
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 School & Business
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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