1470 Paris Ave - Multi-Family FOR SALE


Lincoln Park, MI 48146
$1,399,000 USD
313-289-2222
1470 Paris Ave, Lincoln Park, MI for Sale
$1,399,000 USD
Multi-Family - FOR SALE
1/11
null | 7.86% Cap Rate

1470 Paris Ave
Lincoln Park, MI 48146


HIGHLIGHTS

  • 12 UNIT MULTI-FAMILY BUILDING
  • COMPLETELY RENOVATED – TURNKEY CONDITION
  • ALL UNITS: 1 BED / 1 BATH WITH FULL KITCHEN & LIVING AREA

OVERVIEW

XCEPTIONAL 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.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,583

CAP RATE

7.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Park Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

Neighborhood Business

APN/PARCEL ID

45-003-10-0236-300

ASK ABOUT THIS PROPERTY

Ali T. ChararaAli T. Charara TeamMore Info
313-289-2222

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Ali T. ChararaAli T. Charara TeamMore Info
313-289-2222

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