Price Reduction - Seller Financing
Address
25846 W 7 MILE Road, Redford, MI
Price
$ 265,000
Property Attributes
- MLS#23146171
- TypeCommercial
- CountyWAYNE
- CityRedford
- AreaRedford Charter Twp
- NeighborhoodRedford Charter Twp
- Zip48240
- StyleRetail/Commercial
- Year Built1925
- Taxes$ 2939
- Price$ 265,000
- Bedrooms0
- Full Bathrooms6
- Half Bathrooms0
- Lot Size8,712 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
6 Streams of income from a single property? Take a good hard look at the potential in this mixed use building. This property boasts 3 apartments, 2 commercial spaces as wells Billboard income. Expand your portfolio and increase your income all under one roof. Seller financing may be an option with 1/3 down. Contact agent for more details.
| Price History | |
|---|---|
| 12/30/2023 | Listed $269,000 |
| 4/18/2024 | 2% - $265,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Broadband Available,Phone Connected,Natural Gas Connected,Electric Connected,Cable Connected |
| Possession | Close Of Escrow |
| Construction Materials | Vinyl Siding |
| Year Built | 1925 |
| Township | Redford Charter Twp |
| Property SubType | Retail/Commercial |
| Tax Year | 2023 |
| Gross Income | 36000.0 |
| Business Type | Professional/Office,Professional Service,Distribution,Storage,Retail,Manufacturing |
| County | Wayne |
| Net Operating Income | 31000.0 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | CHESTERFIELD SUB |
| Status | Active |
| Directions | W 7 Mile road,just West of Beech Daly |
| City | Redford |
| High School District | Redford |
| Zoning Description | Commercial,Multi-Family |
| Total Units | 5 |
| MLS Area | Wayne County - 100 |
| Lot Size Square Feet | 8712.0 |
| Waterfront Y/N | No |
| Street Name | 7 MILE |
| Land Lease Y/N | No |
| Tax Annual Amount | 2939.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Days on Market | 139 |
| Standard Status | Active |
| Tax Assessed Value | 37084 |
| MobileHomeRemainsYN | No |
| Legal Description | 06P70 71 LOTS 70 AND 71 CHESTERFIELD SUB T1S R10E L48 P88 WCR |
| Senior Community | None |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 1 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Full Baths | 6 |
| Street Suffix | Road |
| Electric On Property Y/N | No |
| Total Baths | 6 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 0.2 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 3130.0 |
| Lot Dimensions | 40.00 x 100.00 |
| OwnerPhone | 248-308-9992 |
| Lot Size Acres | 0.2 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 48240
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 17, 2024 6:17 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
