REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,100,000
Est. payment | /mo
7,000 SqFt
$ 1,100,000
Est. payment | /mo
7,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $157
Subdivision Frederick B Grays Southfield Woods
MLS Listing ID 58050207474
Year Built 1968
Lot Size 0.800 Acres
Acres 0.8
Property Description
Calling all investors! Great opportunity to own a 32-suite office building in the highly desirable city of Southfield. Currently 30 of 32 suites are occupied, offering strong and stable cash flow with long-term tenants already in place. This well-maintained property features beautiful hardwood finishes throughout, with the roof and windows in excellent condition. Two vacant suites provide additional upside potential for increased income. Generating an impressive 9% cap rate, this is a turnkey investment opportunity you won't want to miss.
Location
State MI
County Oakland
Area Area02244Southfield
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Southfield Public Schools
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
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Listed by Justin Zehel of Keller Williams Paint Creek
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