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Property profile & analytics
OFF-MARKET
Commercial real estate

2430 Fort Park Blvd Lincoln Park, MI 48146

4,000 SF 0.19 ac lot Built 1960
Property ID
US43-5202948
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1960
Total area 4,000 SF
Lot 0.19 ac (8,102 SF)
APN 45-009-13-0131-002
UPID US43-5202948
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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