1470 Paris Avenue, Lincoln Park, MI 48146
sale
$1,399,000
|
Commercial-Other
Listed By CENTURY 21 Curran & Oberski
25636 Ford Road, Dearborn Heights, MI 48127
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK! THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA. THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME. LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
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Property Features
- Building Area: 7500.00 SF
- Cross Docks: N
- For Auction: N
- Garage Description: No Garage
- MLSID: 20261029984
- Parking Places: 0
- Price Per Area: 186.53
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Taxes: $14397.00
- Year Built: 1991
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