$50,000
25140 Lahser Road C232
Details
APN 2422351088
Property Type Land
Sub Type Commercial
Square Footage 1,010
NOI $7,687
Year Built 1977
Acreage 8.860
Land | 8.86 acres
Marketing description
Income-producing multi-office condo suite with lease-up upside for sale in Southfield! Suite C-232 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 1,010 sq ft of office space. This suite is currently configured as 6 individual rentable office spaces, with 4 offices occupied and 2 offices vacant, making the suite approximately 66.67% leased.
Current rental income is approximately $1,250/month, with additional upside available by leasing the remaining vacant offices. This is a strong opportunity for an investor seeking existing rental income plus room to increase cash flow, or a future owner-user who may want to occupy part of the suite while continuing to lease the remaining offices.
Conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, this office condo offers accessibility for clients, staff, and professional service users. Monthly condo association dues are approximately $350/month and 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
$--
$--
Annual Cash Flow
$7,687.00
$640.58/mo
Valuation Metrics
0
DSCR
15.37%
Cap Rate
15.37%
ROI
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Zoning
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