13144/13158 W. 7 Mile Rd., Detroit

$399,000

0 Beds
0 Baths
7,160 Sqft
0 Acres
0 Garages

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.

Essential Information
MLS® #219103708
Price$399,000
Square Footage7,160
Acres0.00
Year Built1955
TypeCommercial
Sub-TypeReal Estate Only
StatusActive
Community Information
Address13144/13158 W. 7 Mile Rd.
CityDetroit
CountyWayne
StateMI
Zip Code48221
Area

05032-Det - 6 To 8, Grnfld To Limits

Interior
HeatingCentral Air, Forced Air, Zoned
Exterior
ExteriorBlock/Concrete/Masonry, Brick
FoundationSlab
School Information
DistrictDetroit
Additional Information
ZoningCommercial, Office, Recreation
Office

Real Estate Professional Services Inc

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