Fully Renovated
For Sale
$365,000
1532 Euclid Street, Lincoln Park, MI 48146
Completely rehabbed duplex with new kitchens, modern baths, updated electrical, and new furnaces and hot water tanks.
Property Size3,485 SF
Price / SF$104.73
Days on Market2960
Property Features for 1532 Euclid Street
General Information
Standard status
Active
Size
3,485 SF
Property subtype
Multi Family / 2 to 4 Units
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
ceramic tile flooring
Building Details
Year Built
1926
Tenancy
Multi
Listing Agency:
Pellow Realty Group
(586) 563-8177
Listed By:
Rebecca Kellar · License #6501313703
(586) 563-8177
Source:
Compass
Added: Jun 23, 2018
Changed: Jul 22
Last Checked: Jul 29 at 12:06PM
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 Pellow Realty Group
Investment Insights
Based on property information with market context.
This fully renovated duplex features two completely rehabbed units with brand-new kitchens, stainless steel appliances, and ceramic tile flooring. Both units include modern bathrooms with tiled floors and baths, fresh carpet throughout, and updated finishes throughout.
Improvements also include new furnaces and hot water tanks, updated electric service panels, new lighting fixtures, and fresh paint.
The property is offered for sale and consists of a duplex configuration with fully renovated interiors in both units.
Improvements also include new furnaces and hot water tanks, updated electric service panels, new lighting fixtures, and fresh paint.
The property is offered for sale and consists of a duplex configuration with fully renovated interiors in both units.
Key Highlights
- Completely rehabbed duplex, with both units rehabbed from top to bottom
- New kitchens in both units with stainless steel appliances and ceramic tile flooring
- Modern bathrooms in both units with tiled floors and baths
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $17.40 |
| − Vacancy | −$3.5k | −$1.01 |
| EGI | $57.1k | $16.39 |
| − OpEx | −$25.7k | −$7.38 |
| NOI | $31.4k | $9.01 |
3,485 SF · lease $17.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,417 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$645.2K
$564.6K – $752.8K
NOI $45,166 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
457
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?
Duplex - Completely rehabbed duplex with new kitchens, modern baths, updated electrical, and new furnaces and hot water tanks.
Where is this duplex located?
The property is located at 1532 Euclid Street Lincoln Park, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Completely rehabbed duplex, with both units rehabbed from top to bottom; New kitchens in both units with stainless steel appliances and ceramic tile flooring; Modern bathrooms in both units with tiled floors and baths
