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Fully Leased Multifamily Property

4186 Drouillard Street Lincoln, Lincoln Park, MI 48146

For Sale
$230,000

The residential units are occupied, with forced-air heating powered by natural gas.

Property SizeContact for details
Days on Market130

Property Features for 4186 Drouillard Street Lincoln

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Cap Rate 9%
Tenant in Place Yes

Amenities

Forced Air
Natural Gas

Building Details

Year Built 1958
Listed By: Joe Hammel · License MI #422602
Source: Kw
Added: Jul 6 Changed: Nov 10 Last Checked: Nov 10 at 12:19PM

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 Joe Hammel

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Investment Insights

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The multifamily property at 4186 Drouillard Street was built in 1958 and has forced-air heating with natural gas. The roof, furnaces, and water heaters were recently inspected. All units are currently leased.

The 4186 Drouillard Street property has a separate tax ID from the building at 4178 Drouillard Street. The properties may be acquired individually or together. In-person walkthroughs and inspections require an LOI or offer in hand.

Key Highlights

  • All units are currently leased
  • Built in 1958
  • Forced‑air heating with natural gas

Property Analytics

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Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Lincoln Park, MI

$130 Jul
$119 Aug
$119 Sep
$119 Oct

Properties on Market for Multifamily properties in Lincoln Park

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The residential units are occupied, with forced-air heating powered by natural gas.
Where is this multifamily property located?
The property is located at 4186 Drouillard Street Lincoln 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: All units are currently leased; Built in 1958; Forced‑air heating with natural gas
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