ClickCease
Address
1673-1665 Pagel Avenue Lincoln Park, MI
Price
$ 419,900
Property Attributes
  • ID#2210035172
  • TypeMulti-Family
  • CountyWAYNE
  • CityLincoln Park
  • AreaLincoln Park
  • NeighborhoodGARFIELD PARK SUB
  • Zip48146
  • StyleColonial,Common Entry Building
  • Year Built1936
  • Taxes$ 7275
  • Price$ 419,900
  • Bedrooms9
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4600
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
RealComp - 83 - MI
Property Description

Well maintained two apartment buildings! 8 units total (5 & 3). Fully occupied and licensed with the city. Two separate buildings, produces good and steady income. 7 one bedroom and 1 two bedroom. Currently at around 10% CAP Rate. Under market rates gives new owner an opportunity to raise them for better returns. Lincoln Park is centrally located in Downriver community, has lots of parks and recreational activities. Detroit River is just a short drive away allows for boating and fishing. Tenants are not aware of sale. Please do not approach or talk to tenants.

Price History
5/14/2021 Listed $419,900

General Features

Basement Type Common, Unfinished
Construction Materials Brick Siding
Cooling Window Unit(s)
Cumulative Days on Market 150
Gross Scheduled Income 60060.00
Heating Baseboard, Forced Air
Listing Agent Public Id 282612
Net Operating Income 42060.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 45016020618301
Property Type Multifamily
Rent Includes Water/Sewer, Yard Maintenance
School District Lincoln Park
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name GARFIELD PARK SUB
Terms Offered Cash, Conventional, Warranty Deed
Total Sq Ft 4600
Transaction Type Sale
Year Built 1936
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 8
Heating Fuel Natural Gas
Interior Features Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail, Laundry Facility
Total Baths 8.00
Total Units 8
Unit Count 2

Exterior Features

Architecture Level 2 Story
Architecture Style Colonial, Common Entry Building
Exterior Features Fenced
Foundation Basement
Foundation Materials Block
Frontage Feet 120
Lot Size Area 0.07
Lot Size Dimensions 120.00X108.00
Porch Balcony, Porch
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Downriver Homes and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of October 16, 2021 6:11 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd. Real estate listings held by firms other than Downriver Homes are marked with the Realcomp Internet Data Exchange logo or thumbnail logo and detailed information about them includes the Listing Broker's Firm Name

Property vs Multi-Family Average in 48146

Price
AVG $410K
$420K
Taxes
AVG $7,248
$7,275
Visits
AVG 38
111
Year Built
AVG 1938
1936
Walkscore
AVG 66
63
Data Provided by Walkscore ® not using MLS data