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43243 SCHOENHERR Road Sterling Heights, MI 48313
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Key Details
Sold Price $482,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 2,694 sqft
Price per Sqft $178
Subdivision Brookshire Office Plaza Condo #1000
MLS Listing ID 20240006280
Sold Date 02/23/24
Originating Board Realcomp II Ltd
Year Built 2006
Annual Tax Amount $7,059
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 420x412x245x105x176x516
Property Description
Welcome to an exceptional commercial unit strategically positioned for astute investors seeking a lucrative addition to their portfolio. This turnkey property boasts a remarkable combination of high rental yield, stability, and low-maintenance features that make it a standout opportunity in the real estate market.
Key Features:
Profitable Lease Structure: The unit is currently under a lease agreement that yields a solid 8%+ capitalization rate.
Generous Size and Configuration: With 10 spacious exam rooms, this commercial unit is thoughtfully designed to accommodate a range of businesses, making it versatile for a variety of tenants.
Lucrative Rental Rates: The property collects approximately $20 per square foot for lease, reflecting the high desirability and value of the space.
Low-Maintenance Lifestyle: The property benefits from an association that handles exterior maintenance responsibilities. This includes snow removal, grass maintenance, roof repairs, and other external upkeep tasks. This feature not only saves the owner time and effort but also ensures that the property maintains its curb appeal and value.
This commercial unit presents a rare opportunity for investors looking for a hassle-free income-generating property. The combination of a strong lease, competitive rental rates, low-maintenance features, and strategic location make this unit a sound choice for those seeking both short-term gains and long-term stability in their real estate investments. Don't miss out on the chance to add this gem to your portfolio. Contact us today to schedule a viewing and explore the potential returns this investment property offers.
Location
State MI
County Macomb
Area Sterling Heights
Zoning Commercial
Direction N of 19 Mile & W of Schoenherr
Exterior
Pool No
Waterfront no
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Brick
Schools
School District Utica
Others
Tax ID 1002499007
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Keller Williams Realty-Great Lakes