1st Choice Realty & Prop Mgmt
Listed by 1st Choice Realty & Prop Mgmt
$329,000
311 SOUTHBOUND GRATIOT Avenue
Details
APN 1114380002
Property Type Office, Retail
Sub Type Executive Office, Traditional Office
Square Footage 2,184
NOI $21,200
Year Built 1983
Acreage 0.210
Office | 2,184 SqFt
Marketing description
Excellent investment opportunity! 2,200 sq ft mixed-use retail/office building on high-traffic Gratiot corner lot with great visibility. Property includes 3 fully leased units (two on month-to-month), 6- 10 parking spaces, and a large rear lot. Features a hip roof and is located next to the Clinton River, just minutes from Downtown Mt. Clemens and Macomb County Court buildings. Ideal for attorney, accountant, or financial planner. Great cash-flow potential in a high-demand area!
Listing Contacts
1st Choice Realty & Prop Mgmt
Listed by 1st Choice Realty & Prop Mgmt
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,200.00
$1,766.67/mo
Valuation Metrics
0
DSCR
6.44%
Cap Rate
6.44%
ROI
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