14700-14750 Plymouth Rd - Storefront Retail/Residential FOR SALE


Detroit, MI 48227
$2,000,000 USD
313-530-7641
14700-14750 Plymouth Rd, Detroit, MI for Sale
$2,000,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

14700-14750 Plymouth Rd
Detroit, MI 48227


HIGHLIGHTS

  • First floor is a daycare, hair salon, and deli.
  • Second floor consists of 22 apartments; 20 1 bedroom and 2 2 bedrooms.
  • Located in a heavy trafficked area.

OVERVIEW

Prime Investment Opportunity – Diverse Commercial Property with Residential Units! Seize the opportunity to own this substantial mixed-use building, encompassing approximately 28,000 sq ft of versatile space in a highly trafficked area. This property boasts of an established daycare center, as well a beauty salon, and a deli (not currently occupied) on the ground floor. Furnishing and equipment included with the purchase; however, the business name is not included. The second level hosts 22 residential units, comprising 20 one-bedroom apartments and 2 two-bedroom apartments, all currently leased on a flexible month-to-month basis, providing the new owner with immediate income and the potential to adjust to market rents. All apartments come with newer windows, newer refrigerators and newer air conditioner units. This property presents an attractive proposition for investors seeking a diversified revenue stream with significant upside potential. Don't miss the chance to expand your portfolio with this promising investment. Please do not approach tenants and employees. Tours are by appointment only.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Day Care Center, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,901 SF

ZONING

CM

APN/PARCEL ID

22-00602-636

ASK ABOUT THIS PROPERTY

Theodora BrownCentury 21 Curran & OberskiMore Info
313-530-7641

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Theodora BrownCentury 21 Curran & OberskiMore Info
313-530-7641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.