Renovated Multifamily Apartment
For Sale
$230,000
Pending
4186 Drouillard Street, Lincoln Park, MI 48146
Two separate buildings provide six apartment units, including recently renovated residences and current tenant occupancy.
Property SizeContact for details
Days on Market112
Property Features for 4186 Drouillard Street
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Cap Rate
9%
Multifamily Units
6
Building Details
Buildings
2
Listing Agency:
Keller Williams Somerset
(248) 649-7200
Listed By:
Joseph Hammel · License #6501422602
(330) 844-5209
Source:
Corneliusteam
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 28 at 8:35AM
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 Keller Williams Somerset
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Investment Insights
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This multifamily offering includes two separate apartment buildings identified as 4178 and 4186 Drouillard, each assigned its own tax ID and available together or individually. The combined property contains 6 units, with 5 currently rented and 2 units recently renovated. The roof, furnaces, and water heaters have undergone recent inspections.
Located in Lincoln Park, the property has a Walk Score of 72 and a Bike Score of 49. Current capitalization is reported at approximately 8–9%, with the final unit in the six-unit configuration being marketed for occupancy. The 1958-built buildings offer an existing residential income format with separate ownership identifiers for flexible acquisition options.
Located in Lincoln Park, the property has a Walk Score of 72 and a Bike Score of 49. Current capitalization is reported at approximately 8–9%, with the final unit in the six-unit configuration being marketed for occupancy. The 1958-built buildings offer an existing residential income format with separate ownership identifiers for flexible acquisition options.
Key Highlights
- Six‑unit multifamily property with 5 units currently rented
- Two separate buildings at 4178 and 4186 Drouillard, each with its own tax ID
- 2 units recently renovated
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings provide six apartment units, including recently renovated residences and current tenant occupancy.
Where is this apartment building located?
The property is located at 4186 Drouillard Street Lincoln Park, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Six‑unit multifamily property with 5 units currently rented; Two separate buildings at 4178 and 4186 Drouillard, each with its own tax ID; 2 units recently renovated
