$215,000
Square Ft.
1,845
957 Park Avenue, Lincoln Park, MI 48146
Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 12.7% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor's portfolio or an excellent opportunity for those looking to enter theRead MoreRead Less
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of Concept Realty, 313-721-6621, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
75
Last Updated
Property Type
Multi-Family
Square Ft.
1,845
Lot Size
0.19 Acres
MLS Number
61005833
Property Location Map
Additional Details
Property Access
Paved Street
Basement
Block
Building
1,845 square feet, 4 total units, Built in 1924, Style: 1 1/2 Story
Expenses
Total expenses: $9,924
Exterior Features
Aluminum
Foundation
Basement
Water Features
Gas, Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $27,276
Lot
Lot size: 75X108, 0.19 acres
Property
Residential
Taxes
Total amount: $2,839
Unit Five
Bedroom 2 width: 75

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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 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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(Source: Home Junction)

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