13
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$499,900
Est. payment /mo
3,729 SqFt
New
24821 5 Mile Road Redford, MI 48239
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $134
Municipality Redford Twp
Subdivision Redford Twp
MLS Listing ID 20261044796
Year Built 1958
Annual Tax Amount $8,282
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 81.1X110
Source Realcomp
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.
Location
State MI
County Wayne
Zoning Commercial
Direction 5 MILE JUST EAST OF BEECH DALY
Interior
Heating Forced Air
Exterior
View Y/N No
Roof Type Other
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Redford Union
Others
Tax ID 79025040022006
Listed by RE/MAX Team 2000
NEARBY SCHOOL & BUSINESS
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