10-Unit Apartment
For Sale
Contact for pricing
1205 Garfield Avenue, Lincoln Park, MI 48146
Ten 1-bedroom, 1-bath units with ample parking, including some newly renovated apartments, reported as cash-flow positive.
Property Size9,280 SF
Price / SF$96.42
Days on Market54
Property Features for 1205 Garfield Avenue
General Information
Standard status
Active
Size
9,280 SF
Property subtype
Special Purpose
Net Operating Income
$84,200
Additional Details
Business Included
Yes
Multifamily Units
10
Building Details
Year Built
1929
Units
10
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 203-8215
Listed By:
Dave Abdallah · License #MI
Source:
Crexi
Added: Jun 29
Changed: Aug 12
Last Checked: Aug 19 at 9:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Curran & Oberski Dearborn Heights
Investment Insights
Based on property information with market context.
This 10-unit apartment building offers one-bedroom, one-bath layouts. According to the provided information, some units have been newly renovated, and the property is described as having strong curb appeal. Ample parking is available for residents and guests.
The building is located in the downtown district of Lincoln Park, MI. The remarks cite proximity to the Lincoln Park Library, Police Station, and Lincoln Park High School, along with nearby restaurants, shopping, and schools.
For buyers seeking a small multifamily asset, the mix of existing 1-bedroom units and noted renovation activity may appeal for day-to-day rental management. The property is also described as cash-flow positive, with room to make more. Please do not disturb tenants, as interior access requires coordination.
The building is located in the downtown district of Lincoln Park, MI. The remarks cite proximity to the Lincoln Park Library, Police Station, and Lincoln Park High School, along with nearby restaurants, shopping, and schools.
For buyers seeking a small multifamily asset, the mix of existing 1-bedroom units and noted renovation activity may appeal for day-to-day rental management. The property is also described as cash-flow positive, with room to make more. Please do not disturb tenants, as interior access requires coordination.
Key Highlights
- 10‑unit income property built in 1929 with ten 1‑bedroom, 1‑bath units
- Some units have been newly renovated
- Ample parking available on site
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten 1-bedroom, 1-bath units with ample parking, including some newly renovated apartments, reported as cash-flow positive.
Where is this apartment building located?
The property is located at 1205 Garfield Avenue Lincoln Park, MI.
What is the asking price?
The asking price for this property is $894,800.
What are key features of this property?
This property features: 10‑unit income property built in 1929 with ten 1‑bedroom, 1‑bath units; Some units have been newly renovated; Ample parking available on site
