Courtesy of: Yasir Abulaban, Own It Realty, yassrealtor@gmail.com
Courtesy of: Yasir Abulaban, Own It Realty, yassrealtor@gmail.com
$399,900
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Lot: 0.05 Acres
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Other
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$399,900
585 SOUTHFIELD Road Prime Investment Opportunity in Lincoln Park! This high-visibility mixed-use property on Southfield Rd offers a projected gross annual income of $51, 000 with low annual expenses of $9, 300. The commercial storefront is leased for $1, 500/month with 5 years remaining on the lease, while the residential units include a move-in ready 2-bedroom (projected at $1, 000/month), a 1-bedroom being prepped for re-rental (projected at $800/month), and a 2-bedroom rented month-to-month at $1, 000/month. Additional features include separate utilities for each unit, shared basement storage, and a history of passing annual city inspections. With solid income potential and manageable expenses, this is an outstanding opportunity for investors. Schedule your showing today!
Courtesy of: Yasir Abulaban, Own It Realty, yassrealtor@gmail.com
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