Chat with us, powered by LiveChat

24821 5 Mile Road, Redford charter township, Michigan

$474,900

Previous Next

3,729

Square feet

0.20

Acres

About 24821 5 Mile Road

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.

Features of 24821 5 Mile Road

MLS® # 20261044796
Price $474,900
Bathrooms 0.00
Square Footage 3,729
Acres 0.20
Year Built 1958
Type Commercial
Status Active

Community Information

Address 24821 5 Mile Road
Area 05031 - Redford Twp
Subdivision JAMES S BONADEO SUB
City Redford charter township
County Wayne
State Michigan
Zip Code 48239

Amenities

Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No

Exterior

Construction Brick
Foundation Crawl Space, Slab

School Information

District Redford Union

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Team 2000
Contact Infofrankalsaghir@gmail.com

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?