For sale

1470 Paris Avenue
Lincoln Park, MI 48146

$1,399,000

Finished sq ft
7,500
Lot
0.59 acres
Year built
1991
Property type
C
County
Wayne
Subdivision
Lincoln Park City
MLS #
20261029984

About this home

EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK!THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA. THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME.LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.