Lincoln Park, MI 48146 2667,585 SOUTHFIELD Road
Lincoln Park, MI 48146 2667,585 SOUTHFIELD Road
Lincoln Park, MI 48146 2667,585 SOUTHFIELD Road
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$399,900
Est. payment /mo
3,600 SqFt
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UPDATED:

12/09/2024 11:57 PM

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $111

Subdivision Mi

MLS Listing ID 60357742

Annual Tax Amount $7,559

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 30x63x30x63

Property Description

Prime Investment Opportunity in Lincoln Park! This high-visibility mixed-use property on Southfield Rd offers a projected gross annual income of $51,000 with low annual expenses of $9,300. The commercial storefront is leased for $1,500/month with 5 years remaining on the lease, while the residential units include a move-in ready 2-bedroom (projected at $1,000/month), a 1-bedroom being prepped for re-rental (projected at $800/month), and a 2-bedroom rented month-to-month at $1,000/month. Additional features include separate utilities for each unit, shared basement storage, and a history of passing annual city inspections. With solid income potential and manageable expenses, this is an outstanding opportunity for investors. Schedule your showing today!

Location

State MI

County Wayne

Area Lincoln Park (82143)

Zoning Commercial

Building

Water Public Water

Structure Type Brick

Others

Ownership Private

Assessment Amount $1,478

Financing Cash,Conventional


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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Own It Realty

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Catherine McMurray

+1(586) 291-1492

Agent | License ID: 6501395313

Agent License ID: 6501395313

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