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About the Listing 422259 - 398300
**INCOME-PRODUCING MIXED-USE INVESTMENT NEAR HISTORIC INDIAN VILLAGE!** Offered at $325,000, this renovated 4,120 SF building generates $27,000 in annual gross rental income from two occupied units. The first-floor salon rents for $800/month, while the furnished 2-bedroom, 2-bath upstairs apartment rents for $1,450/month. Both tenants are month-to-month, offering flexibility for investors and future owner-occupants. Renovated in 2022, the property features an updated apartment with hardwood floors, an open-concept living area, modern kitchen, and updated bathrooms. Additional highlights include a detached 1,000 SF garage with newer roof, approximately 400 SF of mezzanine space, basement, and ample on-site parking. Zoned B4 (General Business District), offering potential for a variety of business uses, subject to municipal approval. Conveniently located along the Mack Avenue corridor near Indian Village and West Village. A versatile investment with established rental income and additional upside potential!
Listing Highlights for 8640 Mack Ave
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3622
- Basement: Basement
- Other: 2 Story,Forced Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 78X108.77
- Zoning: Commercial,Office,Recreation,Residential
- Roof:
- Others: Fenced,Block,Brick,Paved
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $8,226
- Taxes w/Assessments: N/A
- Tax/Property ID: W17I000277C9
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
8640 Mack Ave Detroit, MI 48214
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