Map
Listed price in listed location currency (USD).
$262,500

030

MLS® 20261050386

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 1200 sqft
Garage 
Taxes $3,092
Days Active 18
Lot Size 0.1 Acres
Approx. Age 1958
Avg. Price Per Sqft $218
MLS® Number 20261050386

Property Address: 4186 Drouillard St, Lincoln Park, MI, 48146-4004

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261050386
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

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