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13144/13158 W. 7 Mile Rd.

$ 399,000
13144/13158 W. 7 Mile Rd. ,
23
Active

Description

There is an existing lease to a Day Care Center that runs thru January of 2022. The lease pays $6000 per month. The tenant pays foe all maintenance and utilities and the seller pays for all taxes + insurance. Investment Potential- this property currently has income of $72,000 per year. The taxes and insurance are approximately $12,000 per year with net operating income of $60,000 per year. The tenant/day care has been in the building for almost 4 years and has sole exclusive usage 24/7. This is one of the few buildings that is approved for and operating as a day care center. 18% return on investment at current asking price and rental income. Note: present tenant may be interested in extending lease. Contact Mike Messier for information and showings.

Address: 13144/13158 W. 7 Mile Rd.
City:
State/County:
Zip: 48221
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Property Id : 26480
Price: $ 399,000
Building size: 0.00 acres
Available Space: 7160 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 Story
Building Area Source: Measured
Business Type: Recreational,Retail,Service
CDOM: 289
Commercial Type: Real Estate Only
Construction Materials: Block/Concrete/Masonry,Brick
County Or Parish: Wayne
Current Use: Day Care
Directions: E. of Lodge fwy.
Directions From EastWest: W
Directions From EastWest Detail: Outer Dr.
Directions From NorthSouth: S
Directions From NorthSouth Detail: 8 Mile Rd.
DOM: 289
Foundation Details: Slab
Foundation Materials: Block,Brick,Poured
Frontage Feet: 127
Gross Scheduled Income: 72000.00
Heating: Central Air,Forced Air,Zoned
Heating Fuel: Natural Gas
Last Change Type: New
List Office Name: Real Estate Professional Services Inc
Lock Box Type: Appointment
Lot Size Dimensions: 127x114x127x115
MLS: Realcomp II Ltd
MLS Area Major: Det - 6 To 8, Grnfld To Limits
MLS Area Major Number: 05032
MLS Number: 219103708
Monthly Sales: 6000
Annual Net Income: 60000.00
Operating Expense: 12000.00
Original List Price: 399000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W22I017443S
Postal City: Detroit
Property Type: Commercial
Protection Period: 180
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 88000.0000
Street Name: W. 7 Mile Rd.
Street Number: 13144/13158
Table: Commercial
Tax Amount Summer: 3728.0000
Tax Amount Winter: 404.0000
Tax Legal Description: Parcel ID# 22017443 +442 +443
Title: Private - Owned
Total Tax: 4132.0000
Unit Count: 0
Water Source: Municipal Water
Year Built: 1955
Zoning: Commercial,Office,Recreation
Customer Comment: Yes
Encroachment: No
Existing Lease: Yes
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Real Estate Professional Services Inc and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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