851-857 Penniman Ave - Apartments FOR SALE


Plymouth, MI 48170- Downtown Plymouth
$1,495,000 USD
734-846-8045
851-857 Penniman Ave, Plymouth, MI for Sale
$1,495,000 USD
Apartments - FOR SALE
1/8
null | 8.36% Cap Rate

851-857 Penniman Ave
Plymouth, MI 48170
Downtown Plymouth


OVERVIEW

Rare opportunity to purchase investment real estate in downtown Plymouth. The opportunity is a purchase of a commercial condo unit street level building part of a mix used building with luxury condos. Located with convenient street parking and parking deck in the rear. Property includes an operating salon with 20 stations established for 20 years. The building to be purchased with the business or re-tenanted with long term lease terms. Own a piece of the Plymouth business district nationally recognized for its downtown success.. Property taxes $18,377 Association dues $ 4500 a year includes building insurance and exterior maintenance

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

9

PRICE/UNIT

$166,111

CAP RATE

8.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B-2

APN/PARCEL ID

49-009-15-0009-000

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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