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1673-1665 PAGEL Avenue Lincoln Park, MI 48146
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Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Colonial,Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $89
Subdivision Garfield Park Sub
MLS Listing ID 2210035172
Sold Date 02/24/22
Style Colonial,Common Entry Building
Bedrooms 8
Full Baths 8
Originating Board Realcomp II Ltd
Year Built 1936
Annual Tax Amount $7,275
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 120.00X108.00
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.
Location
State MI
County Wayne
Area Lincoln Park
Zoning Multi-Family
Direction Fort St Between Moran & Champaign Rd Then W (Off Fort) On Pagel
Rooms
Basement Unfinished, Common
Interior
Interior Features High Spd Internet Avail, Laundry Facility, Carbon Monoxide Alarm(s), Cable Available
Heating Baseboard, Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Fenced
Waterfront no
Roof Type Asphalt
Porch Balcony, Porch
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial, Common Entry Building
Level or Stories 2 Story
Structure Type Brick Veneer (Brick Siding)
Schools
School District Lincoln Park
Others
Pets Allowed Yes
Tax ID 45016020618301
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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Bought with Provident Real Estate Associates, LLC
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