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406 S Church St
Lincoln, MI 48742
Lincoln Manor Senior Apartments · Multifamily Property For Sale
·
23 Units
Investment Highlights
- 55+ Senior Community (No Government Restrictions)
- Tenant Paid Heat and Electric
- 9.72% Cap rate and $34,778 per unit
- Approximately $110,000 in Recent Capital Improvements
Property Facts
| No. Units | 23 | Lot Size | 6.73 AC |
| Property Type | Multifamily | Building Size | 19,116 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1985 |
| Zoning | MF - Multiple-Family Residential Low Rise District | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 6.73 AC |
| Building Size | 19,116 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1985 |
| Zoning | MF - Multiple-Family Residential Low Rise District |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 600 |
| 2+1 | 6 | - | 750 |
Property Taxes
| Parcel Number | 052-001-100-048-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $281,600 |
Property Taxes
Parcel Number
052-001-100-048-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$281,600
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