EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK! THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA. THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME. LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
General Information
Sale Price: $1,399,000
Price/SqFt: $187
Status: Active
MLS#: rcomi20261029984
City: lincoln park
Post Office: lincoln park
Schools: lincoln park
County: Wayne
Acres: 0.59
Lot Dimensions: 266 X 126
Size: 7,500 sq.ft.
Acreage: 0.59 est.
Year Built: 1991
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $12,296 Est. Winter Taxes: $2,101
