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1205 Garfield Ave 10 Unit Apartment Building $899,800 ($89,980/Unit) Lincoln Park, MI 48146
Investment Highlights
- Ten one-bedroom apartments, each with a full bath, in a brick two-story design.
- Offers ample off-street parking complemented by nearby public transit access.
- Convenient access to major transportation routes including I-75 for regional connectivity.
- Recently updated common areas and interior finishes in select units.
- Situated in Lincoln Park’s central district, close to civic services, schools, and shopping.
Executive Summary
This 10-unit multifamily property offers a steady income opportunity in the heart of Lincoln Park’s active downtown district. Spanning over 7,300 square feet, the building comprises ten one-bedroom, one-bath units with several recent upgrades, providing both stable cash flow and upside potential for value-add improvements. Some units have been renovated, while a partial basement supports additional storage and operational functions.
Located off Garfield Avenue, the property enjoys proximity to Lincoln Park Library, the city’s police station, and Lincoln Park High School, as well as numerous retail and dining establishments, ensuring sustained tenant demand in a walkable, amenity-rich area. Easy access to Fort Street and major routes like I-75 and Southfield Road connects residents quickly to Downtown Detroit and the broader metro region.
Ample on-site and street parking adds convenience for tenants and guests, while modernized building systems support efficient building operations. With strong rental performance and potential for repositioning, this asset appeals to investors targeting stabilized income with room to optimize NOI through targeted enhancements.
Located off Garfield Avenue, the property enjoys proximity to Lincoln Park Library, the city’s police station, and Lincoln Park High School, as well as numerous retail and dining establishments, ensuring sustained tenant demand in a walkable, amenity-rich area. Easy access to Fort Street and major routes like I-75 and Southfield Road connects residents quickly to Downtown Detroit and the broader metro region.
Ample on-site and street parking adds convenience for tenants and guests, while modernized building systems support efficient building operations. With strong rental performance and potential for repositioning, this asset appeals to investors targeting stabilized income with room to optimize NOI through targeted enhancements.
Property Facts
| Price | $899,800 | Building Class | C |
| Price Per Unit | $89,980 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,280 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | SFRD-Non Comforming | ||
| Price | $899,800 |
| Price Per Unit | $89,980 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,280 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | SFRD-Non Comforming |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 767 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-009-04-0064-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $269,900 |
Property Taxes
Parcel Number
45-009-04-0064-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$269,900
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Contact the Sale Advisor
1205 Garfield Ave