4178 Drouillard St, Lincoln Park, MI 48146
- $250,000
- 3
- BA
- 3,600
- SqFt
- List Price
- $250,000
- MLS#
- 20261050375
- Status
- ACTIVE
- Bathrooms
- 3
- Subdivision
- LINCOLN PARK HIGHLANDS SUB
Property 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.
Additional Information
- Year Built
- 1957
- Acres
- 0.17
- Style
- Ranch
- Acres
- 0.17
- School District
- Lincoln Park
- Heating
- Natural Gas, Wall Furnace
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