21925 Elroy Avenue Warren, MI $ 3,150,000
21925 Elroy Avenue
$ 3,150,000
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21925 Elroy Avenue

Warren, MI, 48089
$ 3,150,000
Baths1.0 Sq 900

Monthly Estimate*

$ 19,889

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21925 Elroy Avenue, Warren, MI 48089 - Image 10
Studio

Multi-Family Home for sale in Warren, MI

for $3,150,000 with 1 full bath. This 900 square foot home was built in 1954 on a lot size of 0.14.

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

1

Property Type

Multi-Family

Taxes

$ 1,762

Style

MultiFamily

Lot Size

0.14

Year Built

1954

Town/City

Warren

County/Region

Macomb

MLS | Web ID

5050212574

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Possession Negotiable
Garage Spaces 0.0
Year Built 1954
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 KAISER GARDENS SUB
Garage Y/N N
Full Baths 1
Status Active
City WarrenCity_Macomb
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District EastDetroit
Number Of Units Total 19
MLS Area Area03131Warren
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1762.0
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 26060
Ownership Type LLC
Legal Description KAISER GARDENS SUBDIVISION LOT 254 L6 P12
AFH 101
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 50x122x50x122
Lot Size Acres 0.14
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) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 900.0
Total Bedrooms 3
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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Internal Only
Street Number 1 21925
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* Excluded Features
List By
Travis C Scott

Listing Agent

Exp Realty

Broker

(989) 301-1330

Phone

Affordability Calculator

$20,036
Per Month
99%
1%
0%
Monthly Principal & Interest
$19,889
Monthly Property Taxes
$147
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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21925 Elroy Avenue, Warren, MI, 48089 is a Multi-Family Home for sale at $3,150,000 with 900 sqft and a lot size of 0.14. 21925 Elroy Avenue is a studio with 1.0 baths and was built in 1954. The property's zip code is 48089 which is in Warren, MI