Income-Producing Office Condo Portfolio For Sale! Rare opportunity to acquire a multi-suite commercial office condo package located at 25140 Lahser Rd in Southfield. This offering includes 7 office condo suites totaling approximately 6,001 sq ft within the Matterhorn Office Condominium complex. Suites included are C-123, C-203, C-212, C-232, C-242, C-252,… Read More and C-271. The 7 office condo units are currently configured as 22 individual rentable office suites, with 17 suites occupied and 5 suites vacant, making the portfolio approximately 77% leased. The building has a total of 20 units. The portfolio is currently rented and generating rental income, making this an attractive opportunity for an investor seeking immediate cash flow, or an owner/investor looking to hold, lease, or potentially resell individual suites in the future. Condo association dues cover certain building/common area expenses, which include common area utilities, trash pickup, portions of repairs, and building-related insurance items. Buyer and buyer's agent to verify all association coverage, lease details, rental income, taxes, square footage, bylaws, allowable uses, and all information deemed material. These items will only be sent with a signed NDA. Convenient Southfield location near Lahser Rd, 10 Mile, Telegraph, Northwestern Hwy, and I-696. Great opportunity to own a rented office condo package in a well-established commercial corridor. Seller may consider land contract terms with a minimum $200,000 down payment. Remaining balance of $99,999 to be paid over 24 months at 5% annual interest. Final terms subject to seller approval. Read Less
Courtesy of Front Page Properties.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Commercial/Industrial
Square Ft.
22,300
Lot Size
8.86 Acres
MLS Number
60993732
30 Days Snapshot Of 48033
$74k
-52%
(avg) sold price
3
-25%
homes sold
63
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
22,300 square feet
Exterior Features
Brick
Foundation
Slab
Water Features
Public Water
Heating
Electric
Lot
8.86 acres, Lot size: 110x80
Property
Office, Professional Office, Commercial
Taxes
Total amount: $11,962
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