Excellent investment opportunity featuring two income-producing properties, all situated on a high-visibility main road in Westland. This unique offering includes a 720 sq. ft. commercial building on a slab and a 770 sq. ft., 2-bedroom, 1-bath home on a crawl space. Both the residential and commercial properties are currently leased on month-to-month agreements, generating a combined gross monthly income of $2,200 ($1,300/month for the home and $900/month for the commercial space). The commercial tenant has been established at the property for several years.
The home was extensively remodeled in 2022 and features a new roof, new flooring, an updated kitchen, fresh interior paint, and a large backyard. The commercial building has an approximately 8-year-old roof and has been well maintained. Both properties are currently rental certified with the City of Westland.
Whether you're looking to expand your investment portfolio, continue operating as an income-producing property, or explore future redevelopment opportunities, this property offers outstanding flexibility. The residential home could also be converted to a small professional office, such as an insurance agency, subject to buyer verification of zoning and municipal approvals.
Please do not disturb the tenants or approach the property without the listing agent present. Proof of funds is required prior to scheduling an appointment.
9 days
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92
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3
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Zillow last checked:
Listing updated:
Listed by:
Eric Miller248-721-9980,
RE/MAX Complete248-721-9980
Source: Realcomp II,MLS#: 20261052060
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Bedroom
Level: Entry
Area: 81
Dimensions: 9 X 9
Bedroom
Level: Entry
Area: 90
Dimensions: 10 X 9
Other
Level: Entry
Area: 35
Dimensions: 5 X 7
Kitchen
Level: Entry
Area: 120
Dimensions: 10 X 12
Living room
Level: Entry
Area: 168
Dimensions: 12 X 14
Heating
Forced Air, Natural Gas
Cooling
Central Air
Appliances
Included: Dryer, Free Standing Electric Oven, Free Standing Refrigerator, Washer
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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