1380 COLLEGE Avenue Active Save Request In-Person Tour Request Virtual Tour
Lincoln Park,MI 48146
Key Details
Property Type Multi-Family
Sub Type Colonial,Upper/Lower Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,173 sqft
Price per Sqft $102
Subdivision Municipal Park Sub
MLS Listing ID 20250016205
Style Colonial,Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Year Built 1924
Annual Tax Amount $4,001
Lot Size 3,484 Sqft
Property Sub-Type Colonial,Upper/Lower Apartment
Property Description
Great investment or owner-occupant opportunity in the desirable Downriver area! This vacant 2-unit home (now a 2-bed, 1-bath upper unit and a 1-bed, 1-bath lower unit) offers immediate rental income potential. The upper unit has been recently updated with fresh paint and new carpet, while the lower unit is ready for a turnover. The property includes a detached garage, currently used as a shared community space, and comes with a stove and fridge for added convenience. Recent capital improvements include siding repairs on the right side, though the left side still needs attention. The upstairs bathroom floor also requires repair. The home operates on a single water heater for both units. Whether you're looking to house hack or expand your rental portfolio, this property presents long-term value in a high-demand rental market.
FHA/VA financing may be considered; however, some properties may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. Possible package deal available—seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 140 Summit St, Pontiac, MI 48342
Don't miss out—schedule your showing today!
Location
State MI
County Wayne
Area Lincoln Park
Zoning Residential
Interior
Hot Water Natural Gas
Heating Forced Air
Laundry 1
Exterior
Exterior Feature Lighting
Garage Spaces 2.0
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum
Schools
School District Lincoln Park
Others
Assessment Amount $3
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA