8,984 SqFt
8,984 SqFt
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Pending
Purchase Type For Sale
Square Footage 8,984 sqft
Price per Sqft $67
Subdivision Western Rouge Park
MLS Listing ID 20251030310
Year Built 1948
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type BusinessandRealEstate
Property Description
Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.
Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.
Landlord-Paid Water: Simplifies utility management for residents.
Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.
This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit's rental market.
*Showings by appointments by only.
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSale, Standard
Nearby Locations
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39555 Orchard Hill Place, Suite 600, Novi, Michigan, 48375