29425 W Jefferson Avenue, Gibraltar, MI

Others for Sale - $1,900,000 - 12,144 Sq. Ft.


Agent Info

Jessica Tremonti
CENTURY 21 Curran & Oberski

Property Info

CIMLS#1195388
Location
  29425 W Jefferson Avenue
  Gibraltar MI 48173
UpdatedAugust 19th, 2026
TypeOthers
Price$1,900,000
Building12,144 Sq. Ft.

Property Description

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.


Financials


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