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In-PersonVirtual Tour
$ 275,000
Est. payment | /mo
6 Baths
3,600 SqFt
$ 275,000
Est. payment | /mo
6 Baths
3,600 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $76
Subdivision Lincoln Park Highlands Sub
MLS Listing ID 20261050375
Style Ranch
Full Baths 6
Year Built 1957
Lot Size 7,405 Sqft
Acres 0.17
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 Natural Gas, Wall Furnace
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
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 No
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Listed by Joseph Hammel of Keller Williams Somerset
NEARBY SCHOOL & BUSINESS