29222 GRAND RIVER AVE, farmington hills Michigan 48336
MLS® #: 219062657
$1,052,000

PHENOMENAL INVESTMENT OPPORTUNITY! COMMERCIAL STOREFRONT AND 9 FULLY OCCUPIED APARTMENT UNITS!!! WELL-MAINTAINED BY THE SAME OWNER FOR OVER 20 YEARS, IMPROVEMENTS INCLUDE UPDATED FURNACE, CENTRAL...
Full Description

Beds
Bath
10325 SqFt

Overview

PHENOMENAL INVESTMENT OPPORTUNITY! COMMERCIAL STOREFRONT AND 9 FULLY OCCUPIED APARTMENT UNITS!!! WELL-MAINTAINED BY THE SAME OWNER FOR OVER 20 YEARS, IMPROVEMENTS INCLUDE UPDATED FURNACE, CENTRAL AIR, CONCRETE WORK, WINDOWS, DOORS, PLUMBING, ELECTRICAL, EXTERIOR WALLS, AND COMPLETE REMODEL OF THE ENTIRE BUILDING INSIDE AND OUT! COMMERCIAL SPACE MEASURED AT 5,400 SQFT INCLUDES OVER 2000 SQ FT OF WAREHOUSE AND STORAGE SPACE THAT CAN BE CONVERTED TO ADDITIONAL APARTMENTS FOR ADDED INCOME! EXPANSIVE PARKING LOT AND SHIPPING DOOR CAN EXCEPT DELIVERIES FROM LARGEST SHIPPING TRUCKS. EXCELLENT LOCATION WITH A STRONG RESIDENTIAL AND COMMERCIAL NEIGHBORHOOD, CONVENIENTLY LOCATED WITHIN MINUTES OF DOWNTOWN FARMINGTON, EXPRESSWAYS, AND MORE SHOPPING! ADJACENT TO CITY OF FARMINGTON HILLS FIRE DEPARTMENT!!

Essential Information
MLS219062657
address29222 GRAND RIVER AVE Farmington Hills Michigan
cityFarmington Hills
coordinatesLatitude : 42.447984
Longitude : -83.334859
lot size
  • Lot size area: 0.00
  • Lot size dimensions: 164 X 105 X 100 X 116
year built1950
marketrealcomp
styleApartments,Commercial,Real Estate Only
property TypeCommercial
sqft total10325
statusActive
Primary Features
school districtFarmington
Interior Features
heatingCentral Air, Forced Air
fireplaceNo
basementNo
sqft main10325
sqf to ffice5400
External Features
poolNo
roof materialRubber
garage featuresno
garageNo
sewerSewer at Street, Sewer-Sanitary
frontage feet164
lot size dimensions164 X 105 X 100 X 116
road frontage typePaved, Pub. Sidewalk
Financial Details
total tax10313.3
transaction typeSale
tax amount summer9892.1
tax amount winter421.2
list price1052000
gross scheduled income125280
Location Information
parcel number2336302008
postal code48336
zoningCommercial, Multi-Family
Additional
directionsNORTH OF 8 MILE RD AND EAST OF MIDDLEBELT RD
construction materialsBlock/Concrete/Masonry, Stone
foundation detailsSlab
encroachmentNo
inventory includedNo
lease typeSlab
year remodeled2018
Water sourceMunicipal Water, Water at Street
rent includesHeat, Water/Sewer, Yard Maintenance
ownership status
  • Private Owned
  • Short Sale - No