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$ 230,000
Est. payment /mo
Pending
4186 Drouillard Street Lincoln Park, MI 48146 4004
3 Baths
1,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $191
Subdivision Mi
MLS Listing ID 61008321
Style 1 Story
Full Baths 3
Year Built 1958
Annual Tax Amount $3,092
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X108
Property Sub-Type Multi-Family
Property Description
Property to be sold as-is, all units are fully leased out now, NO WALKTHROUGHS OR INSPECTIONS IN PERSON WITHOUT AN LOI OR OFFER IN HAND. Please reach out to the agent if you'd like additional information or photos. Great opportunity in the Lincoln Park neighborhood! 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 is roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers.
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 1 Story
Foundation Slab
Water Public Water
Structure Type Brick
Schools
School District Lincoln Park Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
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Listed by Keller Williams Somerset
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