1470 Paris Avenue, Lincoln Park City, MI 48146
MUNICIPAL PARK SUB 1 · Wayne County
Key Facts
Description
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK! THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA. THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME. LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
Property Information
Property Type
Commercial Sale
Year Built
1991
Living Area
7,500 sq ft
Lot Size
0.59 acres
Lot Dimensions
266 X 126
Days on Market
67
MLS® Listing#
20261029984
Property Features
- Cooling:
- Central Air
- Heating:
- Forced Air, Natural Gas
- Construction:
- Brick
- Foundation:
- Slab
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $14,397
- Assessed Value:
- $200,400
- Parcel #:
- 45003100236300
Directions
NORTH OF SOUTHFIELD FWY / WEST OF FORT ST
Affordability Calculator
$279,800
Estimated monthly payment
$7,446/mo
Principal $1,119,200 · Est. interest $1,561,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lincoln Park City, MI
- $239,146
- Median Listing Price
- 81
- Median Days on Market
- 1,456
- Median Sq Ft
- $153
- Median Price / Sq Ft
- 13,880
- Active Listings
- This home’s price is 485% above the area median.
- Its price per sq ft is 22% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lincoln Park City, MI.
Location
- 1470 Paris Avenue, Lincoln Park City, MI 48146
Nearby Schools
Lafayette Elementary School
Elementary · 0.2 mi away
Lincoln Park Public Schools
Elementary · 0.7 mi away
Mark Twain School
Elementary · 1.0 mi away
Palmer Elementary School
Elementary · 1.0 mi away
Ralph J Bunche Academy
School · 1.1 mi away
Montessori Children's Center of Allen Park
Elementary · 1.1 mi away
Lincoln Park Middle School
Secondary · 1.2 mi away
Lincoln Park High School
Secondary · 1.2 mi away
Keppen Elementary School
Elementary · 1.3 mi away
Advance Path Academy
School · 1.3 mi away
Detroit Baptist Theological Seminary
School · 1.3 mi away
Inter-City Baptist Church
School · 1.4 mi away
Melvindale High School
Secondary · 1.4 mi away
Allendale Elementary School
Elementary · 1.4 mi away
Ecorse High School
Secondary · 1.5 mi away
Paun Elementary School
Elementary · 1.5 mi away
Grandport Elementary Academy
Elementary · 1.5 mi away
Mohamed Said Elementary School
Elementary · 1.5 mi away
Strong Middle School
Secondary · 1.5 mi away
Melvindale-Northern Allen Park School District
Elementary · 1.5 mi away
Commute Calculator
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EXIT Agents in Lincoln Park City
Listing Courtesy: Century 21 Curran & Oberski - 3132747200
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