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$275,000
Est. payment /mo
3 Baths
1,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $229
Subdivision Lincoln Park Highlands Sub
MLS Listing ID 20261050386
Style Ranch
Full Baths 3
Year Built 1958
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
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
Area Area05143Lincolnpark
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Sewer At Street
Water Public
New Construction No
Schools
School District Lincoln Park
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Joseph Hammel of Keller Williams Somerset
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