2430 Fort Park Blvd Lincoln Park, MI 48146
This exceptional investment opportunity presents a four-unit apartment building located at 2430 Fort Park Blvd, Lincoln Park, MI 48146. The property, built in 1960, boasts a total of 4,000 square feet and sits on a 0.186-acre lot. The two-story building features four two-bedroom units, each equipped with its own individual boiler for efficient heating. Ample parking is available for tenants with four designated spaces on-site. The property is zoned for Neighborhood Business use, offering potential for future expansion or diversification. The building enjoys a strong historical occupancy rate, contributing to a healthy net operating income (NOI) of $30,339. The asking price for this well-maintained multifamily property is $480,000. The Wayne County Assessor's Parcel Number (APN) is 45-009-13-0131-002. This presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a desirable location. The property's solid performance history and potential for future growth make it an attractive addition to any portfolio. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.