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4186 Drouillard Street
Lincoln Park, MI 48146
N/A Beds
3 Baths
1,200 Sq Ft
0.10 ac Acres
1958 Year Built
18 Days on homefello
$262,500
Est. $1,735/mo
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About This Property
Great opportunity in the Lincoln Park neighborhood! 5 of the 6 units are currently rented and they are working on filling the 6th, 2 units newly renovated. 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 once the final unit is filled will be roughly $5200/month. Walkthrough video available from agent. FHA, VA, Conventional, Hard Money, cash or all welcome for offers. No access without accepted offers.
Listed by: Joseph Hammel (248) 422-1685 Keller Williams Somerset
Source: MiRealSource MLS#: 61008321
Key Features
Convenient access to parks & trails and local amenities
Inside the Home
3 full bathrooms
1,200 sq ft of living space
Comfort & Climate
Forced Air, Natural Gas
Natural Gas Available, Sewer Available
Property Overview
Lot size: 0.1000 acres
Built in 1958
1 story
1 Story architecture
Multi-Family
Zoning: Multi-Family
Annual taxes: $3,092
Utilities
Water: Public
Construction
Brick
Foundation: Slab
Community
Subdivision: Lincoln Park Highlands Sub
Wayne County
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From: 4186 Drouillard Street, Lincoln Park 48146
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