29425 W Jefferson Avenue, Gibraltar, MI 48173

sale $1,900,000 | Commercial-Other

Listed By CENTURY 21 Curran & Oberski

42949 7 Mile Road, Northville, MI 48167

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.

Property Features

Building Area: 12144.00 SF
Cross Docks: N
For Auction: N
Garage Description: No Garage
MLSID: 20261060727
Parking Places: 0
Price Per Area: 156.46
Price Upon Request: N
Style: Other Style
Sublease: N
Taxes: $25113.00