MLS Public Remarks Welcome to an Investor's Dream Building! This is your opportunity to own a mixed use 9-Unit Apartment Building with an additional 5,400SF Commercial Space on the 1st floor. The 9 apartments on the 2nd floor are all 1-bedroom, 1-bathroom units with kitchens, and small living rooms. The apartments are all heated via a steam-based boiler system with one of two boilers recently replaced in 2023. Hot water for the apartments is serviced by two brand new hot water tanks replaced in 2023. The 1st floor commercial space has been fully gutted with newly installed steel studs and is ready for the next owner or a new market tenant to complete the build out. 1st floor Commercial space is serviced by a furnace and has central air conditioning. Architectural plans and MEP drawings available for the next owner or tenant of the 1st floor commercial space. Garage Door in the rear gives direct access to the commercial space, perfect for a service-based tenant needing to load and unload trucks and equipment. Secondary garage space, accessed from the exterior-only, provides the owner with private, locked storage. Next door to the Farmington Hills Fire Department, and close proximity to many major roads and highways including Middlebelt and M-5. 2/3 of flat roof was replaced in February 2024! Sellers intended to occupy 1st floor, but are relocating business headquarters further south/west. LL pays water & sewer, trash, and natural gas. Most tenant's pay electric (separately metered). Bring your ideas to this Value-Add Investment Opportunity, and achieve some serious cash flow potential!
http://nayeemamin.maxbroock.com/20240019473
Township Farmington Hills
Directions Follow Grand River Avenue West Towards M-5, Building will be on the Right Hand Side before Middlebelt Road.
Fin Below Grd SqFt 0
Total Fin SqFt 9,388
Price/SqFt $186
Unfinished SqFt 0
Above Grade Finished SqFt 9,388
CDOM 46
Sub Property Type Commercial
Year Built 1950
Days on Market 46
Land Assessment -
Improvements $1750000
Net Taxes $15500
Acreage 0.31
Taxes -
Tax Year -
Summer Taxes $14899
School District Clarenceville
Winter Taxes $601
Subdivision Assr'S Richland State Sub
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 0.31
Lot Dimensions 164 X 105 X 100 X 116
WaterFrontage
0
Heating Steam
Water Public (Municipal)
Zoning Commercial, Multi-Family
Office Heat Central Air, Forced Air
Heating Steam
Garage 0.0
Architecture 1 Story
Sewer Public Sewer (Sewer-Sanitary)
Possession At Close
Exterior Materials Block/Concrete/Masonry, Stone
Status Change Date 03/31/2024
Listing Date 03/31/2024
Electronic Consent Central Air,Forced Air
Internet/IDX Y
Listing Office
Birmingham - Max Broock Realtors
Office Address
275 S. Old Woodward
Listing Number
20240019473
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Friday, May 17, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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