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1380 COLLEGE AVE Lincoln Park, MI 48146
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 1,173 sqft
Price per Sqft $85
Subdivision Municipal Park Sub
MLS Listing ID 20250016205
Sold Date 07/01/25
Style Colonial,UpperLowerApartment
Full Baths 2
Year Built 1924
Property Sub-Type MultiFamily
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 Area05143Lincolnpark
Rooms
Basement Unfinished
Interior
Heating ForcedAir, NaturalGas
Laundry GasDryerHookup, WasherHookup
Exterior
Exterior Feature Lighting
Parking Features Garage
Pool None
View Y/N No
Roof Type Asphalt
Garage true
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Public
Schools
School District Lincolnpark
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
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Bought with LPT Realty, LLC
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