4186 Drouillard StreetLincoln Park, MI 48146
$230,000
Listing courtesy of Keller Williams Somerset
3
Beds
3
Baths
1,200
Sqft
About
This Home
Property to be sold as-is, all units are fully leased out now, NO WALKTHROUGHS OR INSPECTIONS IN PERSON WITHOUT AN LOI OR OFFER IN HAND. Please reach out to the agent if you’d like additional information or photos. Great opportunity in the Lincoln Park neighborhood! 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 is roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers.
Details
- Property Type
- Residential Income
- Style
- Multi Family
- Year Built
- 1958
- Lot Size
- 0.1 acres
- Garage Spaces
- 0
- Heating
- Forced Air, Natural Gas
- Cooling
- None
- Annual Taxes
- $3,092
- MLS #
- 20261050386
About Lincoln Park
A Downriver city with tidy brick bungalows and some of the most affordable homes in the area.
Gallery
Listing courtesy of Keller Williams Somerset. MLS # 20261050386. Information is deemed reliable but not guaranteed and should be independently verified.
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