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Jenn Smart

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29425 W Jefferson , Rockwood, MI 48173
$1,900,000
Est. Payment: $9,901.16/mo
0 Bed
0 Bath
12144 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Jessica Tremonti , 313-478-0819 Century 21 Curran & Oberski , 734-464-6400. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
1.32

County

Wayne

Area

Gibraltar (82183)

Listing ID

61021929

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:12144
Water:Public Water

Exterior Features

Lot Dimensions:154x410
Zoning:Commercial
Principal Interest
$9,901
Taxes
$2,093

Home Price

$1,900,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$380,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,901.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,901.16 $2,092.75 $0.00 $11,993.91
Yearly $118,813.97 $25,113.00 $0.00 $143,926.97
Total $3,564,419.14 $753,390.00 $0.00 $4,317,809.14
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Rockwood, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T01:10:54.300Z

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