24821 5 Mile Road, Redford, MI 48239

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List Price
$449,900
Status
ACTIVE
Days on Market
135
Price Change
▼ $25,000 1790797888
MLS#
20261044796
Subtype
Commercial Sale
Year Built
1958
Lot Size
8,712
Acres
0.20
Subdivision
Redford Twp

Property 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.

Additional Information

Taxes
$8,282
Heating
Forced Air
Foundation
Slab
School District
Redford Union

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Listing courtesy of Listing Agent: Frank Alsaghir from Listing Office: RE/MAX Team 2000.

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