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$169900 / 2br - 2400ft2 - Hamtramck Investment Opportunity! - Work & Live! - Recently Updated! (Hamtramck)

Caniff St near Mackay St

(google map)

2BR / 1.5Ba 2400ft2

no laundry on site
detached garage
wheelchair accessible

Hamtramck Commercial / Investment Opportunity

A Two Story Building, with the First Story is Commercial (Approximately 1,500 Sq Ft). The Second Story is a One Bedroom Apartment (Approximately 1,000 Sq Ft). Also a Detached 3 Car Garage on the back of the Lot. This property has been owned by the same family for over 25 years.

The garage is used as personal storage for the owner. Both units are currently rented. The lower unit has had the same group of tenants for several years. Currently it is has been updated and available for Leasing/Rental. The upper unit has had the same tenant for over 20 years. Tenants are willing vacate if new owner asks. Both units are registered with the City of Hamtramck and have completed their inspections per city requirements when needed.

The lower unit is commercial multi use and has had many identities over the years. This building was previously a well known Coney Island in the area and then went through an extensive renovation in the early 2000s. The interior was taken down to a skeleton and new Plumbing, Electrical and HVAC were complete. The lower unit has 3-Phase electrical (110/220/240). Throughout the years many updates have been completed. More details can be provided upon request. Listed below are some of the uses in the past 25 years of the lower unit:

• Coney Island Restaurant
• Cellular Phone Store
• Re-Sale Boutique Shop
• Training Facility for UAW
• Commercial Kitchen for Caterer
• Indoor Flea Market & Telemarketing Office
• Michigan Made Pickle Processor
• Commercial Storage for Retail Business
• Shared Artist Studio Space

The city is open to all types of tenants and uses for this building due to its great location. Recent updates include a new Front Façade and Windows, Water Heater and Central Air Conditioning Unit for the lower portion.

The upper unit has also had updates but not as extensively as the lower level. When the tenant leaves it could use some updating. The Current tenant has been there for 20+ years and asked for updates as needed or required. The appliances are the owned by the tenant (i.e. Refrigerator and Stove). This unit has an open living room, multi storage areas, kitchen, walk-in pantry, full bathroom and one bedroom. It can be converted to a 2 bedroom unit with some modifications.

This property is perfect for use as a place of business and residence, or can continue being rented and generate stable income. Other information can be provided as requested.

$169,900 / Best Offer
Looking for CASH Or Conventional Mortgage
  • do NOT contact me with unsolicited services or offers

post id: 7019318329



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