7514 Sqft, 0.5 Acres
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.
05032-Det - 6 To 8, Grnfld To Limits
Property Summary : Located in Detroit in the 48221 zip code, this home was built in 1955 and is 7,160 square feet with Unknown bedrooms and Unknown bathrooms on 0.00 acres. It has been on the market for 36 days with an original listing price of $399,000. 13144/13158 W. 7 Mile Rd. is part of the Detroit School District.
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