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Danny Dedic

info@dedicatedrealtygroup.com +1(586) 855-6672

$ 1,900,000

Est. payment | -/mo

12,144 SqFt

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$ 1,900,000

Est. payment | -/mo

Save Virtual Tour

12,144 SqFt

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 12,144 sqft

Price per Sqft $156

MLS Listing ID 20261060727

Lot Size 1.320 Acres

Acres 1.32

Property Sub-Type RealEstateOnly

Property Description

Rare opportunity to acquire a well-established 24-unit multifamily investment in Gibraltar, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.32 acres with 155 feet of frontage, this two-story property offers an attractive mix of 16 one-bedroom and 8 two-bedroom units, providing a diverse tenant base and consistent rental demand. The property features approximately 12,144 square feet of living space, a full basement, boiler heat, individual window A/C units, municipal water and sewer, and ample on-site parking. Long-term ownership has provided stability and a strong track record of rental income, while current rents present an opportunity for a new owner to evaluate and capture additional rental upside over time. Conveniently located near Gibraltar Road, I-75 and major Downriver thoroughfares, with easy access to shopping, dining, employment and surrounding communities. A substantial multifamily asset with established income, a desirable unit mix and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses and financials.

Location

State MI

County Wayne

Area Area05183Gibraltar

Interior

Heating Hot Water

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features ParkingLot

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Gibraltar

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition RealEstateOwned, ShortSaleNo

Virtual Tour https://tours.runt.media/v/ZQSQn3t

Listed by Jessica Tremonti of Century 21 Curran & Oberski

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 855-6672

info@dedicatedrealtygroup.com

29425 W Jefferson AVE Gibraltar, MI 48173

Danny Dedic

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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29425 W Jefferson AVE