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Lincoln Park Apartments 1470 Paris Ave 12 Unit Apartment Building $1,399,000 ($116,583/Unit) 7.86% Cap Rate Lincoln Park, MI 48146
Investment Highlights
- 12 UNIT MULTI-FAMILY BUILDING
- ALL UNITS: 1 BED / 1 BATH WITH FULL KITCHEN & LIVING AREA
- COMPLETELY RENOVATED – TURNKEY CONDITION
Executive Summary
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK!
THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA.
THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME.
LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA.
THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME.
LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,500
|
$18.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,500
|
$18.60
|
| Taxes |
$14,398
|
$1.92
|
| Operating Expenses |
$15,254
|
$2.03
|
| Total Expenses |
$29,652
|
$3.95
|
| Net Operating Income |
$109,848
|
$14.65
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $139,500 |
| Annual Per SF | $18.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $139,500 |
| Annual Per SF | $18.60 |
| Taxes | |
|---|---|
| Annual | $14,398 |
| Annual Per SF | $1.92 |
| Operating Expenses | |
|---|---|
| Annual | $15,254 |
| Annual Per SF | $2.03 |
| Total Expenses | |
|---|---|
| Annual | $29,652 |
| Annual Per SF | $3.95 |
| Net Operating Income | |
|---|---|
| Annual | $109,848 |
| Annual Per SF | $14.65 |
Property Facts
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 45-003-10-0236-300 | Total Assessment | $200,400 |
| Land Assessment | $0 | Annual Taxes | $14,398 ($1.92/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
45-003-10-0236-300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$200,400
Annual Taxes
$14,398 ($1.92/SF)
Tax Year
2025
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Lincoln Park Apartments | 1470 Paris Ave
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