2430 Fort Park BlvdLincoln Park, MI 48146

For Sale
$480,000

Four-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a four-unit apartment building located at 2430 Fort Park Blvd, Lincoln Park, MI 48146. The property, built in 1960, boasts a total of 4,000 square feet and sits on a 0.186-acre lot. The two-story building features four two-bedroom units, each equipped with its own individual boiler for efficient heating. Ample parking is available for tenants with four designated spaces on-site. The property is zoned for Neighborhood Business use, offering potential for future expansion or diversification. The building enjoys a strong historical occupancy rate, contributing to a healthy net operating income (NOI) of $30,339. The asking price for this well-maintained multifamily property is $480,000. The Wayne County Assessor's Parcel Number (APN) is 45-009-13-0131-002. This presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a desirable location. The property's solid performance history and potential for future growth make it an attractive addition to any portfolio. Serious inquiries are encouraged.

Highlights

  • Four-unit multifamily property.
  • Abundant tenant parking.
  • Individual unit boiler systems.
  • Asking price: $480,000.
  • All units feature two bedrooms.

Property Details for 2430 Fort Park Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
4,000 SF
Year Built
1960
Stories
2
Lot Size (sq. ft)
8,102 SF
Units
4

Location Insight

City
Lincoln Park
County
Wayne
State
Michigan
Latitude
42.2449165
Longitude
-83.1819404
2430 Fort Park Blvd, Lincoln Park, Michigan

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2430 Fort Park Blvd
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