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4565-4568 W Walton Blvd 6,271 SF 100% Leased Office Building Waterford, MI 48329 $570,000 ($90.89/SF) 7.02% Cap Rate
Investment Highlights
- Features 100% occupancy
- Strong income-producing property
- Stable tenancy
- Features long-term tenants
- Established rental history
- Four-unit plaza built in 2006
Executive Summary
Excellent investment opportunity featuring two buildings with 100% occupancy and long-term tenants. Strong income-producing property with established rental history and stable tenancy. Ideal for investors seeking immediate cash flow and long-term income potential. The 4 unit has full basements with egress windows, 2 basements are finished and they are legal work spaces. The 4 unit plaza was built in 2006. Don't miss this opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,271 SF
Building Class
C
Year Built/Renovated
1953/2011
Price
$570,000
Price Per SF
$90.89
Cap Rate
7.02%
NOI
$39,988
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,271 SF
Building FAR
0.18
Lot Size
0.82 AC
Zoning
Commercial - Commercial Zoned District
Parking
18 Spaces (4.48 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-03-379-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $340,530 |
Property Taxes
Parcel Number
13-03-379-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$340,530
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Contact the Sale Advisor
4565-4568 W Walton Blvd