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