Mixed-Use Storage and Apartments
8415 Brush Street Unit SourceFi Detroit, MI 48202
For Sale
$250,000
Two-building property includes storage, two second-floor apartments, and an adjacent lot, sold as-is.
Property Size1,770 SF
Price / SF$141.24
Days on Market53
Property Features for 8415 Brush Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,770 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 18
Listing Agency:
Real Estate One-Southfield
(248) 506-1257
Listed By:
Gene Kelley · License #6501293908
(248) 506-1257
Source:
Xome
Added: Jun 2
Changed: Jul 22
Last Checked: Jul 23 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Southfield
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings and an adjacent lot, sold as-is. For decades, the site has operated as Reynolds Sewer cleaning and Plumbing supply. The main buildings include 8415 Brush and 8417–8419, which together provide storage with two apartments on the second floor.
An attached adjacent lot at 325 E. Euclid is also included in the sale. The offering provides almost 7,000 square feet of developable area, according to the seller, in Detroit’s New North End District.
The property is being offered in an as-is condition, with 24-hour notice required for showings.
An attached adjacent lot at 325 E. Euclid is also included in the sale. The offering provides almost 7,000 square feet of developable area, according to the seller, in Detroit’s New North End District.
The property is being offered in an as-is condition, with 24-hour notice required for showings.
Key Highlights
- Two‑building property: 8415 Brush plus 8417–8419, including storage and two second‑floor apartments
- Adjacent lot at 325 E. Euclid is included in the sale
- Total size described as almost 7,000 sqft of developable area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $17.40 |
| − Vacancy | −$1.9k | −$1.07 |
| EGI | $28.9k | $16.33 |
| − OpEx | −$8.7k | −$4.90 |
| NOI | $20.2k | $11.43 |
1,770 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.1K
NOI $20,228 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,569 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,333 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar Off Market Nearby
- National Storage — 7430 2nd Ave Suite 555, Detroit, MI 48202
- Nearby Storage Units - Detroit, MI — 36 E Milwaukee Ave, Detroit, MI 48202
FAQs
What type of property is this?
Warehouse - Two-building property includes storage, two second-floor apartments, and an adjacent lot, sold as-is.
Where is this warehouse located?
The property is located at 8415 Brush Street Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑building property: 8415 Brush plus 8417–8419, including storage and two second‑floor apartments; Adjacent lot at 325 E. Euclid is included in the sale; Total size described as almost 7,000 sqft of developable area
