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$899,900
Est. payment /mo
7,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $128
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. Newer AC unit. 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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