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$ 1,399,000
Est. payment /mo
Active
1470 Paris Avenue Lincoln Park, MI 48146
7,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $186
Municipality Lincoln Park City
Subdivision Lincoln Park City
MLS Listing ID 20261029984
Year Built 1991
Annual Tax Amount $14,397
Lot Size 0.590 Acres
Acres 0.59
Lot Dimensions 266 X 126
Source Realcomp
Property Description
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.
Location
State MI
County Wayne
Zoning Multi-Family
Direction NORTH OF SOUTHFIELD FWY / WEST OF FORT ST
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Lincoln Park
Others
Tax ID 45003100236300
Listed by Century 21 Curran & Oberski
NEARBY SCHOOLS & PROPERTIES