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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 262,500

Est. payment | -/mo

3 Baths

7,405 Sqft Lot

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$ 262,500

Est. payment | -/mo

Save

3 Baths

7,405 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Lincoln Park City

Subdivision Lincoln Park City

MLS Listing ID 20261050375

Year Built 1957

Annual Tax Amount $3,110

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 70X108

Source Realcomp

Property Description

Great opportunity in the Lincoln Park neighborhood! 5 of the 6 units are currently rented and they are working on filling the 6th, 2 units newly renovated. Both buildings 4178 and 4186 Drouillard are separate tax IDs and can be purchased together or separately. The roof, furnaces, and water heaters have all been recently inspected and are in great shape! Properties with similar finishes and layouts have sold quickly in the and market rents are $850-1000 per month for prospective investors. Cap rate is around 8-9% currently and expected income once the final unit is filled will be roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers. No access without accepted offers.

Location

State MI

County Wayne

Zoning Multi-Family

Direction Fort Street West On Goddard South On Drouillard

Rooms

Basement Slab

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Lincoln Park

Others

Tax ID 45021080172002

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Keller Williams Somerset

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

4178 Drouillard Street Lincoln Park, MI 48146

Scott Hutchison

Key Details

Location

Rooms

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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4178 Drouillard Street