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957 Park Avenue

Lincoln Park, MI 48146
  • $600,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 20240004912
Price Reduced
UPDATED: 97 min ago
$600,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,845
    SQFT
  • $325
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
75.00 x 108.00

School Ratings & Info

School District:

Description

GREAT INVESTMENT OPPORTUNITY with this package of three small multifamily properties in Taylor and Lincoln Park. 6024 Hazel is a duplex in Taylor, 1314 Garfield is a Quadplex in Lincoln Park, and 957 Park is another 4-unit in Lincoln Park. Current total rent with all three properties is $7,175 with plenty of room for it to go up further under new ownership. Rents are intentionally low for long term tenants. This is a truly unique opportunity to capitalize on three small multi family listings in Taylor and Lincoln park. All 10 units are tenant occupied and performing with month to month leases in place. Seller is retiring and you can take advantage of instant cash flow. ALL properties are city certified and approved C of O in hand!

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-23T03:24:40.477.
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957 Park Avenue Lincoln Park, MI 48146

  • Price: $600,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 97 min ago
  • ID#: 20240004912
0
Beds
4
Baths
0
½ Baths
0.19
Acres
1,845
SQFT
$325
$/SQFT
1924
Built
Neighborhood:
Suburban Park Sub
County:
Wayne
Area:
Lincoln Park
School District:
LINCOLN PARK
Property Description
GREAT INVESTMENT OPPORTUNITY with this package of three small multifamily properties in Taylor and Lincoln Park. 6024 Hazel is a duplex in Taylor, 1314 Garfield is a Quadplex in Lincoln Park, and 957 Park is another 4-unit in Lincoln Park. Current total rent with all three properties is $7,175 with plenty of room for it to go up further under new ownership. Rents are intentionally low for long term tenants. This is a truly unique opportunity to capitalize on three small multi family listings in Taylor and Lincoln park. All 10 units are tenant occupied and performing with month to month leases in place. Seller is retiring and you can take advantage of instant cash flow. ALL properties are city certified and approved C of O in hand!
Exterior Features

Architecture Level 1 1/2 Story Architecture Style Other Construction Materials Vinyl Foundation Details Basement Foundation Materials Brick/Mortar Garage YN Yes Lot Size Dimensions 75.00 x 108.00 Parking Total 1 Pool YN No Road Frontage Feet 75 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 4.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 1845 Sq Ft Total Basement 135 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 4 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Assessment 7.00 Down Payment Resource YN Yes Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 31140.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing Cash Monthly Rental Income 2595 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Lincoln Park Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 2254.0000 Tax Amount Winter 371.0000 Title Standard (Private) Total Tax 2625.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 957 PARK Avenue Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Keller Williams Somerset: (248) 649-7200 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-23T03:24:40.477.
 
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