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33679791
33679792

24821 5 Mile Road, Redford, MI 48239

RE/MAX Team 2000
RE/MAX Team 2000
Listed by RE/MAX Team 2000
$499,900
16 days on market
Updated 15 days ago

24821 5 Mile Road

Details
APN 79025040022006
Property Type Mixed Use
Square Footage 3,729
NOI $40,000
Year Built 1958
Acreage 0.200

Mixed Use | 3,729 SqFt

Marketing description

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.
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Listing Contacts

RE/MAX Team 2000
RE/MAX Team 2000
Listed by RE/MAX Team 2000

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$40,000.00
$3,333.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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