624 Livernois St Ferndale, MI 48220
This exceptional investment opportunity presents a 9,374 square foot multi-use industrial building situated on a 0.43-acre lot in the thriving city of Ferndale, Michigan. The property boasts a five-unit block construction, currently fully occupied with long-term tenants, ensuring a stable and consistent income stream. The building features a flat roof and has undergone numerous updates, minimizing the need for immediate capital expenditures. Ample on-site parking is available for tenants and visitors, supplemented by convenient street parking. This property is ideally suited for investors seeking a low-maintenance, high-return investment with a proven track record of strong tenancy. The existing tenant structure provides immediate cash flow, making this an attractive option for those seeking a reliable and profitable addition to their portfolio. The location in Ferndale offers excellent access to major transportation routes and a vibrant local economy, further enhancing the property's investment potential. This is a turnkey opportunity to acquire a well-maintained, income-producing industrial property with a history of stable occupancy. The building's solid construction and established tenant base make it a low-risk, high-reward investment prospect. Serious inquiries are encouraged to explore this exceptional opportunity further.
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
BI · Ferndale, MICosts & 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.