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4186 Drouillard St, Lincoln Park, MI 48146

$230,000
: 3
BA
: 1,200
SqFt

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List Price: $230,000
MLS#: 20261050386
Status: ACTIVE
Bathrooms: 3
Subdivision: LINCOLN PARK HIGHLANDS SUB

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Property Description

Property to be sold as-is, all units are fully leased out now, NO WALKTHROUGHS OR INSPECTIONS IN PERSON WITHOUT AN LOI OR OFFER IN HAND. Please reach out to the agent if you’d like additional information or photos. Great opportunity in the Lincoln Park neighborhood! 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 is roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers.

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Additional Information

Year Built: 1958
Acres: 0.10
Style: Ranch
Acres: 0.10
School District: Lincoln Park
Heating: Forced Air, Natural Gas