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1673-1665 PAGEL Avenue Lincoln Park, MI 48146 3557
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Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $89
Subdivision Mi
MLS Listing ID 40174359
Sold Date 02/24/22
Style 2 Story
Full Baths 8
Year Built 1936
Annual Tax Amount $7,275
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 120.00X108.00
Property Description
Well maintained two apartment buildings! 8 units total (5 & 3). Fully occupied and licensed with the city. Two separate buildings, produces good and steady income. 7 one bedroom and 1 two bedroom. Currently at around 10% CAP Rate. Under market rates gives new owner an opportunity to raise them for better returns. Lincoln Park is centrally located in Downriver community, has lots of parks and recreational activities. Detroit River is just a short drive away allows for boating and fishing. Tenants are not aware of sale. Please do not approach or talk to tenants.
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Multi-Family
Rooms
Basement Block, Common
Interior
Interior Features Cable/Internet Avail., DSL Available
Heating Baseboard, Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
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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Bought with LPS