$70,000
$72,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1316 LAFAYETTE BLVD Lincoln Park, MI 48146
3 Beds
3 Baths
1,924 SqFt
Key Details
Sold Price $70,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $36
Subdivision Pennsylvania Gardens Sub
MLS Listing ID 218120288
Sold Date 06/19/19
Style Triplex
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Year Built 1930
Annual Tax Amount $2,022
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 76.00X108.20
Property Description
REDUCED !! Unbelievable investment potential in this property. Currently 3 units, with the potential future 4th unit in the basement level. Brick structure on block foundation resting on a double lot. Two bedroom lower unit with older-renovated kitchen, vinyl windows, and replacement sewer to main in 2008. Upper units are each 1 bedroom. Older and dated, one of which is currently rented while the other needs work to transform to rent-ready. The basement houses a single large furnace and hot water tank. Kitchen and bathroom in the basement, however, also needs work to make rent-ready. Live in one, rent out the rest. There is potential for over $2,500 monthly income once fully occupied and updated. Priced to sell. Cash buyer is purchasing as-is and assumes all city-required exterior repair work.
Location
State MI
County Wayne
Area Lincoln Park
Zoning Multi-Family
Direction Southfield at Fort
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace no
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Porch Porch - Covered
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Triplex
Level or Stories 2 Story
Structure Type Brick,Cedar
Schools
School District Lincoln Park
Others
Pets Allowed Yes
Tax ID 45003130024300
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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