1513 MARION Avenue Lincoln Park, MI $ 54,999
1513 MARION Avenue
$ 54,999
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1513 MARION Avenue

Lincoln Park, MI, 48146
$ 54,999
Baths2.0 Sq 1,454

Monthly Estimate*

$ 366

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Studio

Multi-Family Home for sale in Lincoln Park, MI

for $54,999 with 2 full baths. This 1,454 square foot home was built in 1928 on a lot size of 0.09.

Calling all landlords, investors, and sweat equity do it yourselfers! This multi family unit has a total of five bedrooms, two bathrooms, and a basement. The lower unit has 2 beds, 1 bath, and the upper has 3 beds, 1 bath, and its own kitchen and dining room. The upper unit also has its own private entrance through the backyard. Each unit has its own gas meter. Projected monthly cash flow for upper unit is between $1,300-$1,400. Projected monthly cash flow for the lower unit is between $1,100-$1,200. It needs some love, but it has HUGE POTENTIAL. Situated on a very quiet street just a few blocks away from the heart of downtown Lincoln Park, this fixer-upper has huge cash flow and equity potential, so don't miss out on this rare opportunity! Property to be sold as is and buyer to assume all municipal exterior repairs. (See listing ticket for city repair list) BATVAI!

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Multi-Family Pending

Price

$ 54,999

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,624

Style

Lot Size

0.09

Year Built

1928

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

60306535

Features
General
Heating Forced Air
Possession At Close
Exterior Features Fenced Yard Porch
Water Public Water Public Water at Street
Status Pending Pending
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1928
Subdivision MARION MANOR SUB MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Percent Ownership Private
Municipality Lincoln Park
Zoning Multi-Family
Structure Style 2 Story
Area Lincoln Park (82143)
Primary City Lincoln Park
Directions Take Southfield Rd and head South until you get to Ferris Ave and make a Left hand turn. Then make a Right on Marion Ave. Property will be on your Right hand side.
City Lincoln Park
School District Lincoln Park Public Schools
Street Name MARION
Financial Terms Cash
Legal Description AF121 LOT 121 ALSO W 1/2 ADJ VAC ALLEY MARION MANOR SUB PC 669 L45 P13 WCR
DOM 4
Postal Code 48146
Price Per Sq Ft Total 37.83
Coming Soon Calling all landlords investors and sweat equity do it yourselfers! This multi family unit has a total of five bedrooms two bathrooms and a basement. The lower unit has 2 beds 1 bath
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Interior
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Frontage 35
Lot Size Area 0.09
Lot Dimensions 35.00 x 115.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Guss Hammoud

Listing Agent

Keller Williams Legacy

Broker

sold@realtorguss.com

Email

Affordability Calculator

$501
Per Month
73%
27%
0%
Monthly Principal & Interest
$366
Monthly Property Taxes
$135
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
759599 Elementary School
760157 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$54,999 Listed Price

Map


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1513 MARION Avenue, Lincoln Park, MI, 48146 is a Multi-Family Home for sale at $54,999 with 1,454 sqft and a lot size of 0.09. 1513 MARION Avenue is a studio with 2.0 baths and was built in 1928. The property's zip code is 48146 which is in Lincoln Park, MI