$50,000

25140 Lahser Road, C232, Southfield, MI 48033

Southfield, MI 48033

MLS# 20261037495

Sq ft: 1,010
Lot acres: 8.86
Year built: 1977
Days on market: 62

About this property

Income-producing multi-office condo suite with lease-up upside for sale in Southfield! Suite C-232 is located within the Matterhorn Office Condominium complex at 25140 Lahser Rd and offers approximately 1,010 sq ft of office space. This suite is currently configured as 6 individual rentable office spaces, with 4 offices occupied and 2 offices vacant, making the suite approximately 66.67% leased.Current rental income is approximately $1,250/month, with additional upside available by leasing the remaining vacant offices. This is a strong opportunity for an investor seeking existing rental income plus room to increase cash flow, or a future owner-user who may want to occupy part of the suite while continuing to lease the remaining offices.Conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, this office condo offers accessibility for clients, staff, and professional service users. Monthly condo association dues are approximately $350/month and cover certain building/common area expenses. Buyer to verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and all information deemed material.This suite may also be purchased as part of a larger 7-unit office condo portfolio. Seller will consider individual suite sales or package offers.

Interior

Fireplace: Yes

Exterior & construction

Construction: Brick
Lot size: 385,941.6 sq ft
Lot dimensions: 110 X 80
Subdivision: Southfield City
New construction: Yes

Utilities

Water source: Public

Financial

Annual tax: $2,514

Location

Listed by Ebony Cochran · Front Page Properties

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Home priceDown payment (20%)Interest rate (%)Loan term

$253/mo

$10,000 down · $40,000 financed

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Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.