$150,000
$195,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
25846 W 7 Mile Road Redford, MI 48240-1805
3,260 SqFt
Key Details
Sold Price $150,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,260 sqft
Price per Sqft $46
Subdivision Mi
MLS Listing ID 70455272
Sold Date 07/10/25
Year Built 1925
Annual Tax Amount $3,068
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x100
Property Sub-Type Business
Property Description
Prime mixed-use investment with 5 income-producing doors + billboard income! Three apartments (two studios & one 1-bed) offer below-market rents, providing great upside potential. Approx. 50 sq. ft. each, these units generate steady income. Two 800 sq. ft. commercial spaces rent for $800 each and can be combined into a 1,600 sq. ft. opportunity. Ideal for investors or owner-occupants--live/work potential or offset costs with rental income. Multiple income streams in a desirable location--don't miss this value-add opportunity!
Location
State MI
County Wayne
Area Redford Twp (82031)
Interior
Heating Forced Air, Space Heater
Exterior
Roof Type Other-See Remarks
Building
Structure Type Block,Frame,Vinyl Siding,Wood
Others
Ownership Other/See Remarks
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
Read Less
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Bought with LPS