35
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$225,000
Est. payment /mo
4 Baths
1,845 SqFt
Price Dropped by $10K
957 Park Avenue Lincoln Park, MI 48146 2662
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,845 sqft
Price per Sqft $121
Subdivision Mi
MLS Listing ID 61005833
Style 1 1/2 Story
Full Baths 4
Year Built 1924
Annual Tax Amount $2,839
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 75X108
Property Sub-Type Multi-Family
Property Description
Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 11.6% 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 the multifamily market. With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum
Building
Story 1 1/2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Lincoln Park Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Concept Realty
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