1205 Garfield Ave - Apartments FOR SALE


Lincoln Park, MI 48146
$899,800 USD
313-203-8209
1205 Garfield Ave, Lincoln Park, MI for Sale
$899,800 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

1205 Garfield Ave
Lincoln Park, MI 48146


HIGHLIGHTS

  • Ten one-bedroom apartments, each with a full bath, in a brick two-story design.
  • Recently updated common areas and interior finishes in select units.
  • Offers ample off-street parking complemented by nearby public transit access.
  • Situated in Lincoln Park’s central district, close to civic services, schools, and shopping.
  • Convenient access to major transportation routes including I-75 for regional connectivity.

OVERVIEW

This 10-unit multifamily property offers a steady income opportunity in the heart of Lincoln Park’s active downtown district. Spanning over 7,300 square feet, the building comprises ten one-bedroom, one-bath units with several recent upgrades, providing both stable cash flow and upside potential for value-add improvements. Some units have been renovated, while a partial basement supports additional storage and operational functions. Located off Garfield Avenue, the property enjoys proximity to Lincoln Park Library, the city’s police station, and Lincoln Park High School, as well as numerous retail and dining establishments, ensuring sustained tenant demand in a walkable, amenity-rich area. Easy access to Fort Street and major routes like I-75 and Southfield Road connects residents quickly to Downtown Detroit and the broader metro region. Ample on-site and street parking adds convenience for tenants and guests, while modernized building systems support efficient building operations. With strong rental performance and potential for repositioning, this asset appeals to investors targeting stabilized income with room to optimize NOI through targeted enhancements.

FOR SALE DETAILS

PRICE

$899,800 USD

PRICE/SF

$97 USD /SF

# OF UNITS

10

PRICE/UNIT

$89,980

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SFRD-Non Comforming

APN/PARCEL ID

45-009-04-0064-000

ASK ABOUT THIS PROPERTY

Dave AbdallahCentury 21 Curran & OberskiMore Info
313-203-8209

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Dave AbdallahCentury 21 Curran & OberskiMore Info
313-203-8209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.