585 Southfield Road, Lincoln Park, MI
Others for Sale - $324,900 - 3,600 Sq. Ft.
Agent Info
Randy Bloedow CENTURY 21 Curran & Oberski |
Property Info
CIMLS# | 1153818 |
Location 585 Southfield Road Lincoln Park MI 48146 | |
Updated | January 20th, 2024 |
Type | Others |
Price | $324,900 |
Building | 3,600 Sq. Ft. |
Property Description
Great investment opportunity. Located on Southfield rd in Lincoln Park . High traffic count, high visibilityPresently the storefront has 5 years left on a 10 year lease. $1,500 monthly and current. Upper unit has a vacant 2 bedroom unit ready to rent (was getting $1,000 per month) also a 1 bedroom unit up that was getting $800. monthly. Tenant just left and in process of getting ready to re-rent at $800. month to month.. lower 2 bedroom unit is rented month to month at $1,000. and would like to stay. There is a basement for common storage. all 4 units have their own water heaters, furnaces, gas and electric meters and water is shared.City inspection is done every year and has always passed. This has been a great investment for the owner and now wants to move on. some minor work still needs to be done. Seller working on repairs until it sells or is fully rented again. Now is your chance. call ahead for showing appointments