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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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24821 5 Mile Rd , Redford, MI 48239
$474,900
Est. Payment: $1,055.33/mo
0 Bed
0 Bath
3729 Sqft
Status: Active | Days on site: 94
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426775 - 373949
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House Description

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.

Highlights

Listed by Frank Alsaghir , 313-715-1000 RE/MAX Team 2000 , 313-561-0900.

Property Type

Commercial Sale

Lot/Acreage
0.2

Year Built

1958

County

Wayne

Neighborhood

Redford Twp

School District

Redford Union

Listing ID

20261044796

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Roof:Other
Principal Interest
$1,055
Taxes
$690

Home Price

$474,900

Loan Details

30 yrs
%

Down Payment

20%
$94,980
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Monthly Price:
$1,055.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,055.33 $690.17 $0.00 $1,745.50
Yearly $12,664.00 $8,282.00 $0.00 $20,946.00
Total $379,920.00 $248,460.00 $0.00 $628,380.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Redford, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.