For more information regarding the value of a property, please contact us for a free consultation.
1531 Electric Avenue Lincoln Park, MI 48146
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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
Read Less
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with LPS