REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 225,000
Est. payment /mo
New
957 Park Avenue Lincoln Park, MI 48146
4 Baths
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Lincoln Park City
Subdivision Lincoln Park City
MLS Listing ID 20261047655
Year Built 1924
Annual Tax Amount $2,839
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 75X108
Source Realcomp
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
Zoning Residential
Direction SOUTH OF SOUTHFIELD EAST OF FORT
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Aluminum Siding
Schools
School District Lincoln Park
Others
Tax ID 45008030223000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Concept Realty
NEARBY SCHOOLS & PROPERTIES