Stabilized Multifamily Building in Eastpointe

23301 Kelly Rd, Eastpointe, MI 48021

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For Sale

$685,000

Seven-unit apartment building, fully occupied, generating $86,000 potential annual rent.

Type:Investment

HighLights

100% Occupancy: Provides immediate and consistent cash flow.
Stabilized 7‑Unit Apartment Building: Offers a manageable investment property.
Grosses +$7,000 Per Month: Demonstrates strong income potential.
Separate Entrances for Each Unit: Enhances tenant privacy and appeal.
One Parking Space Per Unit: Provides a valuable amenity for residents.
Annual Gross Potential Rent of $86,000: Highlights revenue generation capability.

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Listing Contact

Brady Williams

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For Sale

$685,000

Seven-unit apartment building, fully occupied, generating $86,000 potential annual rent.

Type:Investment

Added:: Apr 21, 2026
Days on Market:: 53
Last Refresh:: Apr 21 at 1:07 am

Property Features for 23301 Kelly Rd

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1957

We can help!

Listing Contact

Brady Williams

Listing agent Brady Williams

Listing office

Listing date Apr 21, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Brady Williams

HighLights

100% Occupancy: Provides immediate and consistent cash flow.
Stabilized 7‑Unit Apartment Building: Offers a manageable investment property.
Grosses +$7,000 Per Month: Demonstrates strong income potential.
Separate Entrances for Each Unit: Enhances tenant privacy and appeal.
One Parking Space Per Unit: Provides a valuable amenity for residents.
Annual Gross Potential Rent of $86,000: Highlights revenue generation capability.

Overview

The property is a stabilized seven-unit apartment building located in Eastpointe, Michigan. The building consists of one-bedroom, one-bath units, each approximately 600 square feet and with its own separate entrance. The property has one building total, with one parking space provided for each unit. The property is 100% occupied and generates over $7,000 per month, with a potential annual gross rent of $86,000. The location has a bike score of 50, indicating it is bikeable, and a walk score of 62, indicating it is somewhat walkable.

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Local Demand

City: Eastpointe
County: Macomb
State: Michigan
Longitude: -82.927307
Latitude: 42.46923

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For sale
Apartment buildings
MI
Eastpointe
48021
23301 Kelly Rd

What type of property is this?

Apartment building - Seven-unit apartment building, fully occupied, generating $86,000 potential annual rent.

Where is this apartment building located?

The property is located at 23301 Kelly Rd Eastpointe, MI.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate and consistent cash flow.; Stabilized 7‑Unit Apartment Building: Offers a manageable investment property.; Grosses +$7,000 Per Month: Demonstrates strong income potential.