2430 Fort Park Blvd Lincoln Park, MI 48146
- Commercial real estate
- 4,000 SF
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2430 Fort Park Blvd
- Year built
- 1960
- Lot size
- 0.19 lot acres
- Property size
- 4,000 SF
- Property type
- Commercial real estate
- APN
- 45-009-13-0131-002
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincoln Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1819404
- Latitude
- 42.2449165
