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33671665
33671666

20477-20481 VAN DYKE Street, Detroit, MI 48234

RE/MAX First
Listed by RE/MAX First
$159,900
83 days on market
Updated 15 days ago

20477-20481 VAN DYKE Street

Details
APN W15I005134C8
Property Type Retail, Office (+1)
Sub Type Convenience Store, Medical Office (+4)
Square Footage 2,792
NOI $24,000
Year Built 1956
Acreage 0.210

Retail | 2,792 SqFt

Marketing description

Solid buildings with concrete roofs. Includes 20477, 20481, & adjacent. Brand new furnace in 20481. High visibility. Each building 1400 sq ft. Both units have newer furnaces & a/c. Both long term on time paying tenants would like to stay. One unit is a 2 office & lobby set up and the other is a store boutique. Parking lot and alley access for parking. Proof of funds or approval prior to appointment.
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RE/MAX First
Listed by RE/MAX First

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$24,000.00
$2,000.00/mo

Valuation Metrics

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DSCR
15.01%
Cap Rate
15.01%
ROI

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