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$119,900

Beds
3
Baths
1.0
sq ft
1,055

14671 Ego Ave, Eastpointe, MI 48021

14671 Ego Ave

Eastpointe, MI 48021

  • 1 day on market
    • Price drop $100,000↓
Looking for a stable investment property? This is it, check out this beautiful 3-bedroom, 1-bathroom bungalow currently generating a consistent monthly rental income of $1,350, with a potential for a rent increase. The kitchen and bathroom have been recently updated, and a new water heater was installed in February 2023. The property is currently leased to a long-term Section 8 tenant, providing a stable rental income stream backed by the government. The tenant owns the appliances. Property is C of O is current. Note: Because of the tenant's privacy, showings will only be conducted after a formal offer has been submitted. Please do not disturb the tenant.

Details

Property type

Single Family Residence

Est. home value

$118,427

Lot size

436 sq ft

Price per sq ft

$114

Year built

1947

Annual property taxes

$3,698

Price History

02/22/2025
Realcomp

Realcomp #20250011485

Price change
$119,900
-45.48%
02/21/2025
Realcomp

Realcomp #20250011485

Listed
$219,900
+174.88%
12/29/2022
Realcomp

Realcomp #20221033637

Sold
$80,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Eastpointe Community Schools

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bpl Mortgage Trust Llc

Loan start date

July 2023

Original loan amount

$84,750

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Commercial, 30 year

Seller

In State Advantage Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 3:35 PM

Listing updated: 02/22/2025 at 9:24 AM

Listed by: Enrico J Johnson, Enrico J Johnson, Prestige Realty Services LLCPrestige Realty Services LLC Phone #: (248) 904-1974

MLS: Realcomp #20250011485

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