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585 Southfield Road Lincoln Park, MI 48146
3,450 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,450 sqft
Price per Sqft $105
Subdivision Mi
MLS Listing ID 60973745
Annual Tax Amount $6,275
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 30x63x30x63
Property Sub-Type Commercial/Industrial
Property Description
mixed-use investment opportunity in the heart of Lincoln Park is generating $49200 annual income! This well-maintained building features three residential rental units plus a storefront currently leased to a tobacco shop, providing immediate income from day one. The two upper units have been recently renovated and offer modern updates including new windows, updated kitchens and bathrooms, and split AC units. The property features a balcony adding convenience and appeal for tenants or short-term guests. Two of the units offer two bedrooms, one full bathroom, a spacious living room, dining room, and kitchen. The third unit includes one bedroom, one full bathroom, living room, dining room, and kitchen - ideal for a variety of rental options. With strong rental demand and flexible layout, the upper units have excellent potential to generate high income as short-term rentals such as Airbnb. Located in Lincoln Park, an area currently booming with new investors and redevelopment activity, this property presents a rare opportunity for both steady cash flow and long-term appreciation. Perfect for investors looking to expand their portfolio with a turnkey, income-producing property. BATVAI
Location
State MI
County Wayne
Area Lincoln Park (82143)
Zoning Commercial
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Corporation
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Epique Realty