Seller Financing
Address
23750 Gratiot Ave Eastpointe, MI
Price
$ 275,000
Property Attributes
  • MLS#40171960
  • TypeCommercial
  • CountyMACOMB
  • CityEastpointe
  • AreaEastpointe
  • NeighborhoodEastpointe
  • Zip48021
  • StyleCommercial/Industrial
  • Year Built1969
  • Taxes$ 10477
  • Price$ 275,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4896
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
AutoCity Realty LLC
Data Source:
Michigan Multiple Listing Service
Property Description

Great Investment Opportunity with High Cash Flow! Completely Remodeled 2 story 5 Unit Commercial Business Building 100% Leased with long term tenants. Annual gross rents of $57,600, with a NOI of $30,000 with a cap rate of 11%!!! Turn key operation. New Roof (2018), New AC/Furnace, Ample parking (24) in the rear of building in additional to the street parking. Street Signage on Gratiot . Within 2 mile to I696 and I96 expressway. Serach "23750 GRATIOT AVE" in Youtube for virtual showings.

Price History
5/7/2021 Listed $275,000

General Features

Class COM/IND/BUS OPP
Commercial Features 220 Volt Power, Cable TV Available
Directions South of Stephen and W of Gratiot
Financial Terms Cash, Conventional, Land Contract
Heating Forced Air
Listing Area Eastpointe (50026)
Municipality Eastpointe
Originating Mls RealComp
Ownership Private
Roof Asphalt
Source Mls MI Real Source
Status Active
Status Active
Subdivision ASSESSORS STEPHEN'S STATE
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Water Heater Gas
Year Built 1969
Zoning Commercial

Interior Features

Fuel Type Natural Gas

Exterior Features

Sale Includes Inventory
Exterior Brick
Foundation Type Slab
Frontage 200
Lot Dimensions 100.00X150.00
Lot Size Area 0.34
Sewer Septic Public At Street
Waterfront 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 48021

Price
AVG $340K
$280K
Taxes
AVG $9,215
$10,477
Visits
AVG 84
16
Year Built
AVG 1959
1969
Walkscore
AVG 64
63
Data Provided by Walkscore ® not using MLS data