24821 5 Mile Road, Redford, MI 48239

$499,900

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List Price
$499,900
Days on Market
43
MLS#
20261044796
Status
ACTIVE
Type
Commercial

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
Acres
0.20
Heating
Forced Air
Roofing
Other
School District
Redford Union
Water
Public

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Calculator source: Real Geeks

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

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