Lincoln Park, MI 48146,1316 LAFAYETTE BLVD
$70,000
$72,000
2.8%
Est.Price: ?

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3 BD
3 BA
1,924 SqFt

1316 LAFAYETTE BLVD Lincoln Park, MI 48146

Est. payment /mo
SOLD DATE : 06/19/2019

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Key Details

Sold Price $70,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,924 sqft

Price per Sqft $36

Subdivision Pennsylvania Gardens Sub

MLS Listing ID 218120288

Sold Date 06/19/19

Style Triplex

Bedrooms 3

Full Baths 3

Originating Board Realcomp II Ltd

Year Built 1930

Annual Tax Amount $2,022

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 76.00X108.20

Property Description

REDUCED !! Unbelievable investment potential in this property. Currently 3 units, with the potential future 4th unit in the basement level. Brick structure on block foundation resting on a double lot. Two bedroom lower unit with older-renovated kitchen, vinyl windows, and replacement sewer to main in 2008. Upper units are each 1 bedroom. Older and dated, one of which is currently rented while the other needs work to transform to rent-ready. The basement houses a single large furnace and hot water tank. Kitchen and bathroom in the basement, however, also needs work to make rent-ready. Live in one, rent out the rest. There is potential for over $2,500 monthly income once fully occupied and updated. Priced to sell. Cash buyer is purchasing as-is and assumes all city-required exterior repair work.

Location

State MI

County Wayne

Area Lincoln Park

Zoning Multi-Family

Direction Southfield at Fort

Rooms

Basement Partially Finished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace no

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Asphalt

Porch Porch - Covered

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Sewer-Sanitary

Water Municipal Water

Architectural Style Triplex

Level or Stories 2 Story

Structure Type Brick,Cedar

Schools

School District Lincoln Park

Others

Pets Allowed Yes

Tax ID 45003130024300

Ownership Private Owned,Short Sale - No

SqFt Source PRD

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Realcomp MLS
Listed by Russell Seely of RE/MAX Innovation
Bought with Benchmark Real Estate Services

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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