12,161 Sq ft building with ample parking on a 21,000 sq ft lot and with potential for a wide range of commercial and mixed uses.Great investment opportunity with lots of potential. Also suitable for owner-user.One story brick/block building formerly used as a church. 20 car paved parking lot. It consists of 7 classrooms/ large offices, 2 smaller offices, large fellowship hall and multipurpose rooms.12,161 Sq ft building situated in a nice neighborhood suitable for a variety of uses including showroom, offices, educational, religious, training center, club, storage, distribution/logistics and other commercial uses.General condition good but some updating/ repair work needed and some components of the heating & plumbing systems are missing. Excellent location:Located in a pleasant neighborhood in a mixed industrial/ residential area. Near heavy industrial corridor, south off of McNichols & East of Mound, it is near “Coleman A. Young International Airport” and not far from General Motors Hamtramck/ Detroit Assembly Plant.Excellent rental income:Similar properties are renting out for $3.00 and $6.00 Sq ft/year (costar.com), so once any repair work is completed this property can produce a gross rental income of $36,000 to $72,000 /yearSeller financing @ $69,500.00$15,000.00 down$992 mo 7yr note.The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, relating to the condition of these assets. Accordingly, Buyer is willing to purchase the Properties from Seller without any representations or warranties, express or implied (including no warranties of merchantability or fitness for a particular purpose) whatsoever regarding the Properties and on an "as is, where is" and "with all faults" basis.
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