15687 Ash Avenue Eastpointe, MI $ 3,150,000
15687 Ash Avenue
$ 3,150,000
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15687 Ash Avenue

Eastpointe, MI, 48021
$ 3,150,000
Baths2.0 Sq 1,338

Monthly Estimate*

$ 19,889

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Studio

Multi-Family Home for sale in Eastpointe, MI

for $3,150,000 with 2 full baths. This 1,338 square foot home was built in 1940 on a lot size of 0.13.

This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan, sold together as one transaction. It is a turnkey package for an investor who wants real scale on day one instead of piecing it together one house at a time. All 19 homes are occupied and producing, with $343,380 in gross annual rent already in place and professional management running the day to day. The homes are spread across 11 established metro Detroit suburbs in Macomb, Oakland, and Wayne counties, so the income sits across a wide footprint instead of riding on one neighborhood. The mix is mostly three bedroom single family homes, with several four bedroom and multi bath homes in the group. Many of the homes have been renovated, with a handful fully redone in 2024 and 2025. 15 of the 19 homes are on month to month leases, which gives a new owner room to move below market rents toward market on a normal turn and renewal cycle. Tenants cover their own utilities. A full Offering Memorandum with verified financials, the rent roll, taxes, insurance, and full expense detail is available as a private document to qualified buyers under NDA. The 19 homes included in this offering: 22700 Arcadia, St. Clair Shores 61 Madison, Clawson 164 and 160 W Muir, Hazel Park 26135 Groveland, Madison Heights 26096 Delton, Madison Heights 21751 Bournemouth, Harper Woods 19537 E 12 Mile, Roseville 22020 Dante, Oak Park 21925 Elroy, Warren 12739 Sherman, Warren 11043 Hupp, Warren 15687 Ash, Eastpointe 22020 Sunset, Oak Park 32325 Parkwood, Westland 23021 Almond, Eastpointe 20237 Midway, Southfield 20640 Westhaven, Southfield 22456 Gascony, Eastpointe 34000 Fernwood, Westland Request the private Offering Memorandum and schedule your portfolio review today before someone else does. *Property is occupied please do not approach*

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Multi-Family Active

Price

$ 3,150,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,264

Style

MultiFamily

Lot Size

0.13

Year Built

1940

Town/City

Eastpointe

County/Region

Macomb

MLS | Web ID

5050212582

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Possession Negotiable
Garage Spaces 2.0
Year Built 1940
Levels Two
Property Subtype MultiFamily
Tax Year 2025
County Macomb
Net Operating Income 159529.0
Operating Expense 166682.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name GIRARD GARDENS SUB
Garage Y/N N
Full Baths 2
Status Active
City EastpointeCity_Macomb
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District EastDetroit
Number Of Units Total 19
MLS Area Area03161Eastpointe
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4264.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 54715
Ownership Type LLC
Legal Description GIRARD GARDENS SUBDN LOT 7 LIBER 12 PAGE 34
AFH 101
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Exterior
Parking Features TwoCarGarage Detached
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 40x142x40x142
Lot Size Acres 0.13
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1338.0
Total Bedrooms 4
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Internal Only
Street Number 1 15687
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* Excluded Features
List By
Travis C Scott

Listing Agent

Exp Realty

Broker

(989) 301-1330

Phone

Affordability Calculator

$20,245
Per Month
98%
2%
0%
Monthly Principal & Interest
$19,889
Monthly Property Taxes
$355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909185 Elementary School
4909231 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2026$3,150,000 Listed Price

Map


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15687 Ash Avenue, Eastpointe, MI, 48021 is a Multi-Family Home for sale at $3,150,000 with 1,338 sqft and a lot size of 0.13. 15687 Ash Avenue is a studio with 2.0 baths and was built in 1940. The property's zip code is 48021 which is in Eastpointe, MI