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29222 GRAND RIVER Avenue

$ 1,052,000
29222 GRAND RIVER AVE ,
35
Active

Description

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!!

Address: 29222 GRAND RIVER AVE
State/County:
Zip: 48336
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Property Id : 24147
Price: $ 1,052,000
Bedrooms: 9
Building size: 0.00 acres
Available Space: 10325 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Building Area Source: Measured
Buildings List: Shed,Other
Business Type: Retail,Service
CDOM: 240
Commercial Exterior Features: Doors 10-15 ft,Outside Lighting
Commercial Type: Apartments,Commercial,Real Estate Only
Commercial Utilities: Fire Sprinkler,Smoke Alarm
Construction Materials: Block/Concrete/Masonry,Stone
County Or Parish: Oakland
Current Use: APARTMENT UNITS/COMMERCIAL STOREFRONT
Directions: NORTH OF 8 MILE RD AND EAST OF MIDDLEBELT RD
Directions From EastWest: E
Directions From EastWest Detail: MIDDLEBELT
Directions From NorthSouth: N
Directions From NorthSouth Detail: 8 MILE
DOM: 240
Foundation Details: Slab
Foundation Materials: Block
Frontage Feet: 164
Gross Scheduled Income: 125280.00
Heating: Central Air,Forced Air
Heating Fuel: Natural Gas
Last Change Type: New
List Office Name: Keller Williams Legacy
Lock Box Type: Appointment
Lot Size Dimensions: 164 X 105 X 100 X 116
MLS: Realcomp II Ltd
MLS Area Major: Farmington Hills
MLS Area Major Number: 02231
MLS Number: 219062657
Monthly Sales: 10440
Annual Net Income: 99954.98
Number Of Units Total: 9
Office Heating: Central Air,Forced Air
Operating Expense: 25325.02
Original List Price: 1052000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 2336302008
Percent Leased: 100
Postal City: Farmington Hills
Property Type: Commercial
Protection Period: 365
Rent Includes: Heat,Water/Sewer,Yard Maintenance
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Rubber
Room Count: 0
School District: Farmington
Settlement: City
Sewer: Sewer at Street,Sewer-Sanitary
Short Sale: No
Sqft Main: 10325
Sqft Office: 5400
Sqft Source: MEASURED
State Equalized Value: 231230.0000
Street Name: GRAND RIVER
Street Number: 29222
Street Suffix: Avenue
Table: Commercial
Taxable Value: 184420.0000
Tax Amount Summer: 9892.1000
Tax Amount Winter: 421.2000
Tax Legal Description: T1N, R9E, SEC 36 ASSESSOR'S RICHLAND STATE SUB LOTS 18 TO 24 INCL
Title: Private - Owned
Total Tax: 10313.3000
Unit Count: 7
Unit Efficiency Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 9
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water,Water at Street
Year Built: 1950
Year Remodeled: 2018
Zoning: Commercial,Multi-Family
Airport: Yes
APOD Available: Yes
Customer Comment: Yes
Encroachment: No
Interstate: Yes
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Railroad: Yes
Restrictions: No
Waterfront: No
Waterway: No
Zone Conform: Yes
IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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