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694 Lincoln Avenue Clawson, MI 48017 2512
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Key Details
Sold Price $202,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,428 sqft
Price per Sqft $141
Subdivision Mi
MLS Listing ID 40094460
Sold Date 10/16/20
Style 1 1/2 Story
Full Baths 3
Year Built 1948
Annual Tax Amount $3,255
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 50.00X146.00
Property Description
Great opportunity to own a very affordable multi-family Tri-plex with a 7.11 cap rate At the current list price in highly desirable Clawson. This property offers private entrances for all three units. First floor efficiency (rented @ $595), 1st floor 1 bedrm (rents @ $795), and a 2nd floor 1 bedrm (rented @ $685). Property throws off good rent and offers a large parking lot in the back. Great location, fireplace in the efficiency, hardwood floors in unit #1 and a nice second floor unit. Property has been well maintained and is in good condition. Additionally unit 1 and 2 share coin operated laundry for exterior landlord income. Don't let this one pass you by. All 3 units are available for virtual tour on the 3D Matterport platform. Do not visit the property without a broker no exceptions
Location
State MI
County Oakland
Area Clawson (63201)
Zoning Multi-Family
Interior
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Exterior
Exterior Feature Aluminum
Amenities Available Laundry Facility, Private Entry
Waterfront No
Building
Story 1 1/2 Story
Foundation Crawl
Water Public Water
Structure Type Aluminum
Schools
School District Clawson City School District
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with LPS
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