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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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957 Park Ave , Lincoln Park, MI 48146
$215,000
Est. Payment: $1,107.14/mo
0 Bed
4 Bath
0 Sqft
Status: active | Days on site: 38
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 12.7% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor’s portfolio or an excellent opportunity for those looking to enter the multifamily market.With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.

Highlights

Listed by Scott T Atkinson , 313-721-6621 Concept Realty , 313-721-6621. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.19

Year Built

1924

County

Wayne

Neighborhood

Lincoln Park City

School District

Lincoln Park

Listing ID

20261047655

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:
Other:Public

Exterior Features

Principal Interest
$1,107
Taxes
$237

Home Price

$215,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$43,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,107.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,107.14 $236.58 $0.00 $1,343.72
Yearly $13,285.70 $2,839.00 $0.00 $16,124.70
Total $398,570.87 $85,170.00 $0.00 $483,740.87
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Lincoln Park, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC