19700 W 7 Mile Road, Detroit, MI 48219

Property Description

Excellent opportunity to acquire a fully occupied, four-unit commercial plaza in Detroit. This established income-producing property generates $4800.00 per month in rental income, totaling $57,600.00 annually, providing immediate cash flow from day one. The property features four commercial units, with one established tenant occupying three of the four spaces. All units are currently leased under one-year agreements, and tenants maintain their respective spaces. Current rental rates offer potential for increases, presenting an opportunity for the next owner to enhance revenue and maximize long-term value. Tenants are reportedly aware that rental adjustments may be forthcoming and have expressed interest in remaining at the property and signing longer term leases. Securing extended lease terms is recommended to provide greater income stability and long-term occupancy.Whether you're an experienced investor looking to expand your commercial portfolio or seeking an established income-producing asset, this property offers immediate rental income, established tenancy, and future growth potential. Open to negotiations.