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1513 MARION Avenue Lincoln Park, MI 48146 2169
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Key Details
Sold Price $66,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,454 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 60306535
Sold Date 05/21/24
Style 2 Story
Full Baths 2
Year Built 1928
Annual Tax Amount $1,624
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 115.00
Property Description
Calling all landlords, investors, and sweat equity do it yourselfers! This multi family unit has a total of five bedrooms, two bathrooms, and a basement. The lower unit has 2 beds, 1 bath, and the upper has 3 beds, 1 bath, and its own kitchen and dining room. The upper unit also has its own private entrance through the backyard. Each unit has its own gas meter. Projected monthly cash flow for upper unit is between $1,300-$1,400. Projected monthly cash flow for the lower unit is between $1,100-$1,200. It needs some love, but it has HUGE POTENTIAL. Situated on a very quiet street just a few blocks away from the heart of downtown Lincoln Park, this fixer-upper has huge cash flow and equity potential, so don't miss out on this rare opportunity! Property to be sold as is and buyer to assume all municipal exterior repairs. (See listing ticket for city repair list) BATVAI!
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Building
Story 2 Story
Foundation Basement
Water Public Water, Public Water at Street
Schools
School District Lincoln Park Public Schools
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with LPS