624 Livernois StFerndale, MI 48220

For Sale
$1,399,999

Multi-unit building, high rental income, low maintenance.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 9,374 square foot multi-use industrial building situated on a 0.43-acre lot in the thriving city of Ferndale, Michigan. The property boasts a five-unit block construction, currently fully occupied with long-term tenants, ensuring a stable and consistent income stream. The building features a flat roof and has undergone numerous updates, minimizing the need for immediate capital expenditures. Ample on-site parking is available for tenants and visitors, supplemented by convenient street parking. This property is ideally suited for investors seeking a low-maintenance, high-return investment with a proven track record of strong tenancy. The existing tenant structure provides immediate cash flow, making this an attractive option for those seeking a reliable and profitable addition to their portfolio. The location in Ferndale offers excellent access to major transportation routes and a vibrant local economy, further enhancing the property's investment potential. This is a turnkey opportunity to acquire a well-maintained, income-producing industrial property with a history of stable occupancy. The building's solid construction and established tenant base make it a low-risk, high-reward investment prospect. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property Details for 624 Livernois St

Property type
Industrial properties, Other industrial properties
Square Feet
9,374 SF
Year Built
1919
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4513
Longitude
-83.14217
624 Livernois St, Ferndale, Michigan

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624 Livernois St
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