15687 Ash Avenue
Eastpointe, MI, 48021 $ 3,150,000
Baths2.0 Sq 1,338 Monthly Estimate*
$ 19,889
Studio 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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FeaturesGeneralSewer 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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ExteriorParking 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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InteriorBasement (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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* Excluded FeaturesList ByTravis C ScottListing Agent
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Eastpointe, MI
Average List Price $1,472,843
Percent of Sale Price 53%
About Eastpointe, MI 32,821 Population
-4% Since 2002
$ 43,966 Median Income
38.26 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909185 Elementary School
4909231 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/24/2026 | $3,150,000 | | Listed Price |