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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 424,900

Est. payment | -/mo

0.3 Acres Lot

Save

$ 424,900

Est. payment | -/mo

Save

0.3 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Pending

Purchase Type For Sale

Municipality Lincoln Park City

MLS Listing ID 24008731

Year Built 1969

Annual Tax Amount $5,764

Tax Year 2023

Lot Size 0.303 Acres

Acres 0.3

Lot Dimensions 49x129

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Calling all investors! Turnkey, fully occupied 4-unit complex. Each unit is 2 BD, 1 BA. Updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6ft fence in back & updated windows throughout. Unit 2 has updated kitchen w/tenant whose lease expires 7/24. Unit 1 lease expires 10/24. Units 3 & 4 are month to month. Unit 4 tenant has been there since 2018. Unit 3 tenant has been there since 2021. Owners prepaid 2024 fertilization & pay the water bill. Each unit has separate gas & electric hook up. Current rents are below market value. Avg rent for a 2 bedroom in Lincoln Park is $1050/mo. No showings until offer is accepted. Photos are Unit 3. Unit 1 & 3 are the same; 2 & 4 are the same, flipflopped. DO NOT DISTURB THE TENANTS. Call Ben with questions.

Location

State MI

County Wayne

Area Wayne County - 100

Direction Fort St to Ford Blvd, W on Ford, Property is located on the Southwest corner of Ford and Lafayette. Lafayette dead ends at Ford and becomes the parking lot for the complex.

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Wall Unit(s)

Laundry In Unit, Laundry Room, Main Level

Exterior

Parking Features Paved

Utilities Available Natural Gas Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Other

Street Surface Paved

Total Parking Spaces 9

Building

Sewer Public Sewer

Structure Type Brick

New Construction No

Schools

School District Lincoln Park

Others

Tax ID 45-021-01-0046-002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Preferred, Realtors Ltd

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: > Richard Stewart is the Principal Broker of REO Specialists, L.L.C. and an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

1505 Ford Boulevard Lincoln Park, MI 48146