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$1,900,000 USD
29425 W Jefferson Avenue
Gibraltar, Michigan 48173
USA
Gibraltar, Michigan 48173
USA
1,128.178 m2 ::
12,144 sqft
Commercial for Sale, Other Commercial Property
Sale price per sqm: 1,684.08
Tax: 25,113 USD
Remarks:
Rare opportunity to acquire a well-established 24-unit multifamily investment in Gibraltar, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.32 acres with 155 feet of frontage, this two-story property offers an attractive mix of 16 one-bedroom and 8 two-bedroom units, providing a diverse tenant base and consistent rental demand. The property features approximately 12,144 square feet of living space, a full basement, boiler heat, individual window A/C units, municipal water and sewer, and ample on-site parking. Long-term ownership has provided stability and a strong track record of rental income, while current rents present an opportunity for a new owner to evaluate and capture additional rental upside over time. Conveniently located near Gibraltar Road, I-75 and major Downriver thoroughfares, with easy access to shopping, dining, employment and surrounding communities. A substantial multifamily asset with established income, a desirable unit mix and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses and financials.
Location:
29425 W Jefferson Avenue, Gibraltar, Michigan 48173, USA
Listed By CENTURY 21 Curran & Oberski
The Commercial for Sale, Other Commercial Property located at 29425 W Jefferson Avenue, Gibraltar, Michigan 48173, USA is currently for sale. 29425 W Jefferson Avenue, Gibraltar, Michigan 48173, USA is listed for $1,900,000 USD. This property has 12,144 sqft. If the property located at 29425 W Jefferson Avenue, Gibraltar, Michigan 48173, USA isn't what you're looking for, search Michigan Real Estate to see other Commercial For Sale in Gibraltar.
