26095 6 Mile RdRedford Charter Township, MI 48240

This freestanding, 6-unit commercial building presents a compelling investment opportunity in Redford Charter Township, Michigan. Spanning 6,225 square feet, the property boasts a mix of medical and traditional office spaces, currently with four long-term tenants occupying 67% of the building. Two units are recently vacated, allowing for immediate value-add potential through renovations. Built in 1968 and extensively renovated in 2024, the building features four HVAC units (replaced in 2012) and a roof replaced in 2017 down to the metal decking. The property sits on a 0.33-acre lot with ample parking (16 spaces) front and back, and benefits from prominent building signage. The current Net Operating Income (NOI) is $23,671, with a pro-forma NOI of $92,829 reflecting the potential after lease-up and renovations. The asking price is $799,999, representing a current cap rate of 2.96% and a pro-forma cap rate of 11.60%. The property is zoned C-1 and offers a price per unit of $133,333.17. This multi-tenant building offers a blend of immediate income and significant upside potential for a savvy investor. The occupancy date for full occupancy is projected for July 24, 2024.