10
See all 10 photos
$275,000
Est. payment /mo
6 Baths
3,600 SqFt
New
4178 Drouillard Street Lincoln Park, MI 48146 4004
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $76
Subdivision Mi
MLS Listing ID 61008320
Style 1 Story
Full Baths 6
Year Built 1957
Annual Tax Amount $3,110
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 70X108
Property Sub-Type Multi-Family
Property Description
Great opportunity in the Lincoln Park neighborhood! 5 of the 6 units are currently rented and they are working on filling the 6th, 2 units newly renovated. 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 once the final unit is filled will be roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers. No access without accepted offers.
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Multi-Family
Interior
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Somerset
Nearby Locations
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