15801 W Warren Ave, Detroit, MI 48228

Property Description

Welcome to this versatile mixed-use commercial property located in a W Warren . This property seamlessly combines the convenience of retail space with the comfort of residential living. The ground floor houses a thriving appliance store, offering a diverse range of home appliances and generating a steady monthly lease income of $1,600. The strategic location ensures a steady flow of foot traffic, contributing to the store's success and stability. On the upper floors of the property, there are two residential units that add to the property's overall value. The first unit generates $800 in monthly rental income, providing a cozy and private living space. The second unit, also upstairs, generates $500 monthly which can easily be leased out to 800 as well and offers an affordable housing option in this vibrant neighborhood. The mixed-use nature of this property presents a unique investment opportunity, allowing the owner to diversify income streams and benefit from both commercial and residential markets. With a total monthly income of $2,900, this property promises a sound return on investment and the potential for future growth in a dynamic and thriving community.