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Great Income Producing Duplex

931 Lincoln Avenue Lincoln Park, MI 48146
Price:
$90,000
Address:
931 Lincoln Avenue
City:
Lincoln Park
State:
MI
Zip:
48146
Bedrooms:
4
Bathrooms:
2

Solid Cash-Flowing Property, Pro forma cap rate 11.0%, Pro Forma cash on cash return 55%. ? Great Investment Opportunity Fantastic location: Lincoln Park MI is located in the greater Detroit MI SMA. 20-minute drive to Wayne State University, downtown financial and entertainment district, and all 4 major league sports teams. 15-minute drive to Detroit Metropolitan Airport. Nationally ranked hospitals, including Henry Ford Hospital, Detroit Medical Center, and Beaumont Health System. fifteen trade Schools Colleges & Universities within commuting distance. Major Employers: Amazon, Ford Motor Company, General Motors, DTW Airport, DMC Medical Center, Marathon Fuels, & Great Lakes Water Authority. Close to several major freeways and public transportation. Cap Rate on Actuals: 10.3%, Property Value Increase of 17% in the past twelve months. Perfect Starter multifamily deal.

Extra Information for 931 Lincoln Avenue Lincoln Park, MI 48146
  • Seller Type: By Owner
  • Category: Multi-Family Residences for Sale
  • Square Feet: 1875
  • Year: 1947
  • Conditions: Resale
  • Listed Date: Dec 30, 2019

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