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$ 1,450,000
Est. payment | /mo
12,910 SqFt
$ 1,450,000
Est. payment | /mo
12,910 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 12,910 sqft
Price per Sqft $112
Subdivision More Than One Legal Involved
MLS Listing ID 20261080985
Year Built 1967
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type RealEstateOnly
Property Description
This property combines strong in-place income with the opportunity to increase value through lease-up and future rental growth. Its recent renovations significantly reduce near-term capital expenditure concerns, making it an excellent addition to any investment portfolio.
Whether you're expanding your multifamily holdings or completing a 1031 exchange, this is an opportunity worth a closer look. Complete renovation 2024, new roof 2019. Immediate cash flow. Around a 7% cap currently.
Whether you're expanding your multifamily holdings or completing a 1031 exchange, this is an opportunity worth a closer look. Complete renovation 2024, new roof 2019. Immediate cash flow. Around a 7% cap currently.
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Interior
Fireplace No
Exterior
Parking Features ParkingLot, OnSite, Secured
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Mike Ayoub of RE/MAX Team 2000