$35,000
25140 Lahser Road C203
Details
APN 2422351085
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 707
NOI $6,525
Year Built 1977
Acreage 0.890
Office | 707 SqFt
Marketing description
Income-producing office condo with lease-up upside for sale in Southfield! Suite C-203 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 707 sq ft of office space. The suite is currently configured as multiple individual office spaces, with existing tenants in place and one vacant office available for additional rental upside.
This is a great opportunity for an investor seeking immediate rental income with room to increase cash flow, or a future owner-user who wants affordable professional office space in an established Southfield business corridor. Conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, the property offers easy access for clients, staff, and professional service providers.
Monthly condo association dues are approximately $246/month and may cover certain building/common area expenses. Buyer to verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and all information deemed material.
This suite may also be purchased as part of a larger 7-unit office condo portfolio. Seller will consider individual suite sales or package offers.
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Loan Amount
$0.00
Annual Debt Service
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$--
Annual Cash Flow
$6,525.00
$543.75/mo
Valuation Metrics
0
DSCR
18.64%
Cap Rate
18.64%
ROI
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Zoning
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