5431 Davison Rd, Lapeer, MI 48446-2795
This exceptional 4,816 square foot industrial property located at 5431 Davison, Lapeer, MI, presents a lucrative investment opportunity. Situated on a 1.31-acre lot, the building currently operates as a thriving automotive repair shop, boasting a spacious 2,600 square foot drive-through work area. The main level also includes a well-appointed 1,200 square foot office and reception area, complete with two bathrooms. This area is currently leased for $1,840 per month. Adding to the property's income stream is a second-floor, two-bedroom, one-bathroom apartment spanning approximately 1,000 square feet, which generates a monthly rental income of $970. Both tenants express a strong desire to remain in the building, ensuring immediate and consistent cash flow for the new owner. The property utilizes a private well for water and is connected to public sewer. This turnkey operation offers a blend of commercial and residential income, making it an attractive investment with significant potential for future growth and returns. The asking price for this exceptional property is $334,900. Don't miss this chance to acquire a high-performing asset in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lapeer, MILapeer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.