4186 Drouillard ST, Lincoln Park, MI 48146
4186 Drouillard ST, Lincoln Park, MI 48146
4186 Drouillard ST, Lincoln Park, MI 48146
4186 Drouillard ST, Lincoln Park, MI 48146
4186 Drouillard ST, Lincoln Park, MI 48146
4186 Drouillard ST, Lincoln Park, MI 48146
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$ 275,000
Est. payment | /mo

6 Baths

1,200 SqFt


Save
$ 275,000
Est. payment | /mo
Save

6 Baths

1,200 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $229

Subdivision Lincoln Park Highlands Sub

MLS Listing ID 20261050386

Style Ranch

Full Baths 6

Year Built 1958

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type MultiFamily

Property Description

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.

Location

State MI

County Wayne

Area Area05143Lincolnpark

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Slab

Sewer Sewer At Street

Water Public

New Construction No

Schools

School District Lincoln Park

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
Listed by Joseph Hammel of Keller Williams Somerset
Sherry White

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 770-2825

sherryalways@gmail.com

250 Monroe Ave NW #400, Grand Rapids , Michigan, 49503, USA

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4186 Drouillard ST