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1513 MARION Avenue Lincoln Park, MI 48146
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Key Details
Sold Price $66,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,454 sqft
Price per Sqft $45
Subdivision Marion Manor Sub
MLS Listing ID 20240031376
Sold Date 05/21/24
Style Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1928
Annual Tax Amount $1,624
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 115.00
Property Description
Calling all landlords, investors, and sweat equity do it yourselfers! This multi family unit has a total of five bedrooms, two bathrooms, and a basement. The lower unit has 2 beds, 1 bath, and the upper has 3 beds, 1 bath, and its own kitchen and dining room. The upper unit also has its own private entrance through the backyard. Each unit has its own gas meter. Projected monthly cash flow for upper unit is between $1,300-$1,400. Projected monthly cash flow for the lower unit is between $1,100-$1,200.
It needs some love, but it has HUGE POTENTIAL. Situated on a very quiet street just a few blocks away from the heart of downtown Lincoln Park, this fixer-upper has huge cash flow and equity potential, so don't miss out on this rare opportunity!
Property to be sold as is and buyer to assume all municipal exterior repairs. (See listing ticket for city repair list) BATVAI!
Location
State MI
County Wayne
Area Lincoln Park
Zoning Multi-Family
Direction Take Southfield Rd and head South until you get to Ferris Ave and make a Left hand turn. Then make a Right on Marion Ave. Property will be on your Right hand side.
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Waterfront no
Roof Type Asphalt
Porch Porch - Covered, Porch
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Architectural Style Duplex
Level or Stories 2 Story
Structure Type Metal Siding
Schools
School District Lincoln Park
Others
Pets Allowed Yes
Tax ID 45007020121000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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