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1427 Electric Ave
Lincoln Park, MI 48146
11 unit Electric Apts. · Office Property For Sale
Property Facts
Property Type
Office
Building Size
4,866 SF
Building Class
C
Year Built/Renovated
1955/2019
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,866 SF
Building FAR
1.60
Lot Size
0.07 AC
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- Air Conditioning
About 1427 ELECTRIC AVE , LINCOLN PARK, MI 48146
Courtyard Type apartments built in 1955. 2 buildings with 11 units. All units have a C of O. Extensive electric, plumbing, and interior work done to meet city inspection. Outside cement and parking lot work has been done. 3 units renovated, 1 currently undergoing renovation. 3 units are 450 sq ft., and have all been remodeled. They bring in $1825/month combined. The other 8 units are 600 sq ft. The 7 occupied units bring in $500 per month each, and 1 unit is undergoing renovation. we expect the renovated unit will lease for $725/month. Both buildings have been landscaped with a fresh clean look.
Property Taxes
| Parcel Number | 45-002-07-0056-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,600 |
Property Taxes
Parcel Number
45-002-07-0056-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,600
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