$555,000 for Sale

1406 biddle avenue, wyandotte, MI 48192

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Property Description
5 unit mixed-used building is perfect for a savy investment property. Office building that contains 3 private suites, each suite has a reception area and 2 have large waiting rooms. Suite 1 has 2 bathrooms, 5 patient rooms with sinks, break room and 2 private offices. Suite 2 has 4 patient rooms, 1 bathroom, 1 office and large waiting reception area. Suite 3 has 4 very large offices, reception area, bathroom and conference room. Sitting on almost half an acre, with 3 office spaces in the lower level, 2 - 1BR apartments on the second floor (additional 1,717 sf). 2 of the 5 units are occupied leaving 2 commercial units available to rent; one for $1,600 a month and the other $1,85. 1 commercial ($1,300), 1 residence ($950) and 1 residential unit (1,000) are currently occupied. resident is month to month and leases can be extended after closing or can end at closing. With a 10-15% potential cap rate and less than 20 years old, the opportunity of this property has yet to be maximized. Located in the heart of Wyandotte.
General Information
Sale Price: $555,000
Price/SqFt: $70
Status: Active
MLS#: rcomi20230058232
City: wyandotte
Post Office: wyandotte
Schools: wyandotte
County: Wayne
Acres: 0.4
Lot Dimensions: 178.30 x 100.00
Size: 7,948 sq.ft.
Acreage: 0.4 est.
Year Built: 2000
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $14,887
Est. Winter Taxes:  $5,203


IDX provided courtesy of Realcomp II Ltd. via McGuirk Realty, Inc. and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Erica West of KW Showcase Realty, Phone: (248) 360-2900
(810) 441-8972 Call Keith Hitchcock for more information about this property.

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Keith Hitchcock
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(810) 441-8972