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$ 275,000
Est. payment | /mo
6 Baths
4,356 Sqft Lot
$ 275,000
Est. payment | /mo
6 Baths
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Lincoln Park City
Subdivision Lincoln Park City
MLS Listing ID 20261050386
Year Built 1958
Annual Tax Amount $3,092
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X108
Source Realcomp
Property Description
Great opportunity in the Lincoln Park neighborhood! 5 of the 6 units are currently rented and they are working on filling the 6th, 2 units newly renovated. Both buildings 4178 and 4186 Drouillard are separate tax IDs and can be purchased together or separately. The roof, furnaces, and water heaters have all been recently inspected and are in great shape! Properties with similar finishes and layouts have sold quickly in the and market rents are $850-1000 per month for prospective investors. Cap rate is around 8-9% currently and expected income once the final unit is filled will be roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers. No access without accepted offers.
Location
State MI
County Wayne
Zoning Multi-Family
Direction Southfield S/E to Fort, South to Goddard, to Drouillard
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Lincoln Park
Others
Tax ID 45021080174000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Keller Williams Somerset
Nearby Locations
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Mike Himes
Associate Broker | Lic# 501408694