Listed by Insite Commercial
$800,000
Mixed Use Income Producing Building For Sale
Details
Property Type Multifamily, Office
Sub Type Traditional Office, Apartment Building
Square Footage 6,875
Net Rentable (SqFt) 6,875
Units 6
NOI $27,600
Occupancy 50%
Tenancy Multi
Lease Type Gross
Year Renovated 2024
Buildings 1
Stories 2
Acreage 0.217
Zoning B4 - General Business
Multifamily | 6 Units
Marketing description
Mixed-use, income producing, property for sale located at the corner of Gratiot Avenue and Mack Avenue, immediately north of Downtown Detroit. This property consists of 1st floor retail/office space, 4 apartment units (Two-Bedroom x2, Studio x2) on the 2nd floor. Apartment units are fully occupied; 1st floor retail space, is available for lease. Building has new plumbing, electrical, doors, and windows throughout, and roof is in good condition. Seller financing available.
Listing Contacts
Listed by Insite Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,600.00
$2,300.00/mo
Valuation Metrics
0
DSCR
3.45%
Cap Rate
3.45%
ROI
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