29019 Sheeks Blvd Flat Rock, MI 48134
- Commercial real estate
- 2,197 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 29019 Sheeks Blvd
- Lot size
- 0.13 lot acres
- Property size
- 2,197 SF
- Property type
- Commercial real estate
- APN
- 58-138-03-0003-002
Description
This exceptional investment opportunity presents a four-unit apartment building located at 29019 Sheeks Boulevard, Flat Rock, Michigan, 48134. The property, classified as a Class C multifamily building, boasts a total of 2,197 square feet situated on a 0.129-acre lot. The asking price is $260,000, translating to a price per square foot of $118.34. The building features two stories and provides two parking spaces. Each of the four units is a one-bedroom, one-bathroom apartment. Individual furnaces are installed in each unit, and tenants are responsible for their own gas and electric utilities. Water utility costs have been billed back to tenants since 2022. The property enjoys a strong net operating income (NOI) of $16,484. The property is conveniently located just one mile from the Flat Rock Ford Plant, offering significant potential for tenant occupancy. The permitted zoning is R-1C Residential, and the APN is 58-138-03-0003-002. This property represents a solid investment opportunity in a desirable location with proven income generation.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flat Rock
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2853681
- Latitude
- 42.0941749
