23750 GRATIOT AVE $255,000

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    23750 GRATIOT AVE Eastpointe, MI 48021

    Sold
    SOLD 10/29/2021

    $255,000

    Market Estimate
    • 4,896 sq. ft.
    • 0.34 Acres
    • Commercial
    • MLS# 40171960
    23750 GRATIOT AVE, Eastpointe, MI 48021
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    Listing provided courtesy of: AutoCity Realty LLC - 2486055320
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    Property Details

    Great Investment Opportunity with High Cash Flow! Completely Remodeled 2 story 5 Unit Commercial Business Building 100% Leased with long term tenants. Annual gross rents of $57,600, with a NOI of $30,000 with a cap rate of 11%!!! Turn key operation. New Roof (2018), New AC/Furnace, Ample parking (24) in the rear of building in additional to the street parking. Street Signage on Gratiot . Within 2 mile to I696 and I96 expressway. Serach 23750 GRATIOT AVE in Youtube for virtual showings.

    • General Features
      • Acreage 0.34
      • Area Municipality Eastpointe (50026)
      • County Macomb
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision ASSESSORS STEPHEN'S STATE
      • Total SqFt Finished 4896
      • Waterfront Y/N No
      • Year Built 1969
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • Lot Size 100.00X150.00
      • Sewer Septic Public At Street

    Neighborhood

    48021 (Eastpointe) Demographics

    38 Median Age
    6,265 Population Density (per sq. mile)
    25% College Educated
    $49,788 Estimated Median Income
    8,679 Estimated Total Home Owners
    4,154 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,149 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $156,000 Median Sales Price
    43 Homes Sold
    116 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/29/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $255,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.