33614 Grand River Ave - Apartments FOR SALE


Farmington, MI 48335- Farmington Historic District
$675,000 USD
248-662-5066
33614 Grand River Ave, Farmington, MI for Sale
$675,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

33614 Grand River Ave
Farmington, MI 48335
Farmington Historic District


HIGHLIGHTS

  • Rare investment opportunity in Downtown Farmington!
  • 100% occupied!

OVERVIEW

Forward Commercial Group (FCG) is pleased to offer for sale 33614 Grand River Avenue with 33615/17 Adams Street in Farmington, Michigan. This offering presents a rare opportunity to acquire a three-unit residential income-producing asset on approximately 0.264 acres in the downtown Farmington corridor adjacent to commercial and office uses and evolving residential density. The property offers in-place income with significant long-term upside through redevelopment and assemblage potential, along with flexibility for a future parcel split, within one of Metro Detroit’s most desirable suburban downtown districts. Located just west of downtown Farmington along Grand River Avenue, the property consists of a 1,769 square foot, two-story single-family rental home at 33614 Grand River Ave and a 1,183 square foot, single story duplex situated directly behind at 33615/17 Adams Street. Please do not disturb tenants. 33614 GRAND RIVER AVENUE 1,769 SF two-story single-family facing Grand River Ave 3BR /2.5 BA with updated kitchen and baths 33615/17 ADAMS STREET 1,183 SF total single-story duplex Unit 1: 2BR / 1 BA with updated kitchen and bath Unit 2: 1BR / 1 BA with updated kitchen and bath PROPERTY Fully Occupied; Gross Revenue $61,740 Site Size: approximately 0.264 Acres Frontage: approximately 70 feet on Grand River Ave and 70 feet on Adams St Zoning: R1 Parcel # 20-23-28-230-005

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

4

PRICE/UNIT

$168,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R1

APN/PARCEL ID

23-28-230-005

ASK ABOUT THIS PROPERTY

Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.