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$1,100,000
20240060588 MLS
Once in a generation opportunity in Rochester Michigan. This 5-unit flex building on highly desirable South Street with I-2 Zoning. In 10 years of ownership the buildings have always been occupied, with a low turnover of tenants and have never had to advertise. Each unit is about 2400 square feet and has an office and restroom as well as a shop area that also has a restroom (Approximately 400 sq ft of office and 2000 warehouse and two restrooms per unit). One unit has two overhead doors, and the others have one. Each unit has approximately 1600 sq feet of additional outside storage in the back of each unit. The units are fully leased with 200/year per unit of monthly rent increases baked into the leases. The tenants are all under triple net leases, which means they are fully responsible for their units and the taxes associated with them. The parking lot has been recently repaired and the roof has been replaced in phases during the last ownership. Ownership expenses are very low – outside repairs and taxes associate with the business. Two leases terminate at the end of 2025 and three terminate in February of 2027. The February 2027 leases have two one-year extensions built in with rent rate negotiated between ownership and tenant. At a 7.5 cap rate the rent increases baked into the leases will drive the building value about 150,000 per year starting in 2025. The total return on this investment at the asking price is double digits. Market rates on this property are between 8 and 10 per square foot. Current tenants rent is well below market rate. There is a significant opportunity to strategically manage this property to achieve better results by moving rates to market over the next few years. At market rent it is estimated the building value will exceed 1,500,000. Land contract terms possible - 800,000 minimum down payment.

375-391 SOUTH, Rochester

Listing courtesy of Keller Williams Realty-Great Lakes.

$1,432,000
5 Beds 3.2 Baths 58050138827 MLS
Stunning Tudor style home in beautiful Rochester! This home features five bedrooms, three full baths, two half baths, and a three car attached garage. Paver sidewalk leading to the home brings you to a grand entry way with a beautiful chandelier and spiral staircase! Lots of large windows for natural light. Enjoy the nicely finished study with built-ins. Two staircases for easy access to the bedrooms. Fabulous kitchen with granite counters, large high-end cabinets for lots of storage, high end lighting and recessed lighting. Butlers pantry with cabinets and laundry room. Gas fireplace in living room and great room. As you head upstairs you will find a nice lounge area overlooking the foyer. Large master suite featuring a gas fireplace, his and her walk-in closets, his and her vanity, soaking tub, and an extra large shower. Two bedrooms are adjoined with a Jack and Jill bathroom and one bedroom has it's own private bathroom. Partially finished basement with an entertaining area and lots of storage. Private lot that's just under an acre. Lot next door is not buildable. Step out back to paradise. Three tier paver patio with lots of entertaining space and an inground pool/hot tub. Includes: High end Refrigerator, dual stove, dual dishwasher, microwave, washer, and dryer! All furniture and furnishings are available for additional purchase. Come see this fantastic opportunity today! This one won't last long!

5714 Carrollton, Rochester

Listing courtesy of Next Level Realty LLC. Selling Office: .

$2,100,000
5 Beds 7.2 Baths 20230063172 MLS
Stately 7812 square foot masterpiece is the ultimate in craftsmanship & design perfectly set steps from shopping, dining, entertainment & scenic Paint Creek trails. This home's striking detail includes a 2-story entry with sweeping staircase, expansive windowed walls, rich hardwood floors, elegant custom ceilings and stone & tile accents. The floor plan is warm and welcoming with both intimate spaces and plenty of entertainment areas for your family and friends. State of the art kitchen with the top-of-the-line appliances & rich cabinetry opens to Great room drenched in sunlight and overlooking picturesque pool & park views. Glamorous master suite with his/hers custom walk-in closets, sitting room with bar and stone fireplace, grand bath with spa tub, separate sinks & enormous shower. The additional bedrooms all have in suite bath and WIC. The third-floor is perfect for an office, workout room, playroom or hobby studio...the possibilities are endless. The sleek lower level done in neutral tones will delight family & guests from massive great room to full size kitchen with pub style bar, movie theater, walk in wine cellar and full spa bath with a sauna. Private & beautifully manicured landscape features infinity edge pool, built in fire-pit and a finished cabana with full bath. Four story home (including walk out basement) with balcony/patio on each level to enjoy pool or park view. Bring your pickiest buyer, this home shows better then new!!

500 7TH, Rochester

Listing courtesy of Coldwell Banker Realty-Bir. Selling Office: .

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