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1665 Pagel Ave 8 Unit Apartment Building $625,000 ($78,125/Unit) Lincoln Park, MI 48146
Executive Summary
These two buildings sit side by side divided by a parking lot at 1665 and 1673 Pagel Street in Lincoln Park are a great value add opportunity for any investor. 6 of the 8 units have recent updates, paint, carpet, LVP flooring, light fixtures. 7 One bedrooms and 1 2 bedroom.
Property Facts
| Price | $625,000 | Lot Size | 1.00 AC |
| Price Per Unit | $78,125 | Building Size | 5,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 4/1,000 SF |
| Building Class | C | ||
| Zoning | R1 - Residential | ||
| Price | $625,000 |
| Price Per Unit | $78,125 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 4/1,000 SF |
| Zoning | R1 - Residential |
Amenities
Unit Amenities
- Balcony
- Disposal
- Storage Space
- Kitchen
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 800 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 45-016-02-0619-303 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $108,400 |
Property Taxes
Parcel Number
45-016-02-0619-303
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$108,400
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1665 Pagel Ave
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