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$ 1,900,000
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Active
29425 W Jefferson Avenue Rockwood, MI
12,144 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,144 sqft
Price per Sqft $156
Municipality Gibraltar
Subdivision Gibraltar
MLS Listing ID 20261060727
Annual Tax Amount $25,113
Lot Size 1.320 Acres
Acres 1.32
Lot Dimensions 154x410
Source Realcomp
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
Zoning Commercial
Direction West on Gibraltar Rd from I-75
Rooms
Basement Basement
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Gibraltar
Others
Tax ID 36012990024000
Virtual Tour https://tours.runt.media/v/ZQSQn3t
Listed by Century 21 Curran & Oberski
NEARBY SCHOOLS & PROPERTIES
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