For Sale
$1,150,000

6 Washington StOxford, MI 48371

High-NOI, Fully Leased, NNN

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use property, located at 6 N Washington St in Oxford, Michigan (48371), presents a compelling investment opportunity. The 1910-built, two-story building sits on a 0.06-acre lot (APN 0422460015) and boasts a strong net operating income (NOI) of $70,066. The property is fully occupied, featuring a ground floor retail space under a long-term NNN lease and two fully leased studio apartments on the second floor, also under NNN leases. The building is zoned for commercial use. Convenient city surface parking is immediately adjacent, offering two EV charging stations and several two-hour parking spaces. This prime location places the property in the heart of downtown Oxford, surrounded by thriving businesses such as Red Knapps Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, and the Oxford Tap Room. The asking price for this turnkey investment is $1,150,000. The property's strong tenancy, excellent location, and substantial NOI make it an attractive prospect for discerning investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a fully leased, mixed-use property in a vibrant and growing Michigan community.

Property Details for 6 Washington St

Property type
Mixed-use properties
Year Built
1910
Buildings
1
Stories
2
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Oxford
County
Oakland
State
Michigan
Latitude
42.824893599164
Longitude
-83.265222650963
6 Washington St, Oxford, Michigan

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6 Washington St
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