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$ 275,000
Est. payment | /mo
6 Baths
7,405 Sqft Lot
$ 275,000
Est. payment | /mo
6 Baths
7,405 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 20261050375
Year Built 1957
Annual Tax Amount $3,110
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 70X108
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 Fort Street West On Goddard South On Drouillard
Rooms
Basement Slab
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Lincoln Park
Others
Tax ID 45021080172002
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Keller Williams Somerset
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