Lincoln Park, MI 48146,1531 Electric Avenue
Lincoln Park, MI 48146,1531 Electric Avenue
Lincoln Park, MI 48146,1531 Electric Avenue
5
$310,000
$350,000
11.4%
Est.Price: ?

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8 BA
5,105 SqFt

1531 Electric Avenue Lincoln Park, MI 48146

Est. payment /mo
SOLD DATE : 09/18/2020

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Key Details

Sold Price $310,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,105 sqft

Price per Sqft $60

Subdivision Mi

MLS Listing ID 40035158

Sold Date 09/18/20

Style 1 Story

Full Baths 8

Year Built 1965

Annual Tax Amount $8,777

Lot Dimensions 226X160

Property Description

Investor needed! This listing is for 2 brick ranch style 4 unit buildings. Private appraisal has already done and available to view in docs, combined appraised value is $361,000. 6 units are rented with long term, good paying tenants that desire to stay. 1521 is on a slab (has 1 recently vacant unit), and 1531 has a basement under the 2 bdrm unit(unoccupied, belonged to previous owner), and crawl under the rest. Units could use some updating, but city rental inspection was done and passed in November. **New windows and water heaters in the units within the last 2 years. **Close proximity to public transportation, and city housing offices. **Sqft, taxes , units, and lot sizes have been combined to include both properties.**Net income is an estimate, there are no records available. Estate sale, Probate has already been started, executor appointed, purchase price has to be approved but has been moving quickly. Call for a showing, 24-48 hours notice requested to accommodate tenants.

Location

State MI

County Wayne

Area Lincoln Park (82143)

Zoning Residential

Rooms

Basement Block, Partially Finished

Interior

Heating Forced Air

Cooling Wall/Window A/C, Window Unit(s)

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility

Building

Story 1 Story

Foundation Crawl, Slab

Water Public Water

Structure Type Brick

Schools

School District Lincoln Park Public Schools

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Home Direct Realty
Bought with LPS

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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