Lincoln Park, MI 48146
MLS# 20261050375
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.
Listed by Joseph Hammel · Keller Williams Somerset
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,327/mo
$52,500 down · $210,000 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
10 photos4186 Drouillard Street, Lincoln Park, MI 48146
Lincoln Park, MI 48146
— bd · 3 ba · —
36 photos2079 McLain Avenue, Lincoln Park, MI 48146
Lincoln Park, MI 48146
3 bd · 1 ba · 1,773 sqft
16 photos2084 MARKESE Avenue, Lincoln Park, MI 48146
Lincoln Park, MI 48146
— bd · 3 ba · —