694 Lincoln Ave
Clawson, MI 48017
$200,000
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Great opportunity to own a very affordable multi-family Tri-plex with a 7.11 cap rate At the current list price in highly desirable Clawson. This property offers private entrances for all three units. First floor efficiency (rented @ $595), 1st floor 1 bedrm (rents @ $795), and a 2nd floor 1 bedrm (rented @ $685). Property throws off good rent and offers a large parking lot in the back. Great location, fireplace in the efficiency, hardwood floors in unit #1 and a nice second floor unit. Property has been well maintained and is in good condition. Additionally unit 1 and 2 share coin operated laundry for exterior landlord income. Don't let this one pass you by. All 3 units are available for virtual tour on the 3D Matterport platform. Do not visit the property without a broker no exceptions

http://mikesher.maxbroock.com/2200068606
Mike Sher
4130 Telegraph Rd.
Bloomfield Hills, MI 48302
Mobile: 248-496-1572
Mobile: 248-496-1572
[email protected]
http://www.MikeRealtor.com
 
Property Details
Status: Sold
Listing Date 08/22/2020
Sale Date: 10/16/2020
County: Oakland
Acreage: 0.2
Lot Dimensions: 50.00X146.00
Subdivision: Pallister'S Sub
School District: Clawson
Number of Units: 3
Style: Bungalow
Year Built: 1948
Possession: Rental Agreemen
Total Finished SqFt: 1,428
Above Grade Finished SqFt 1,428
Exterior Features: Awning/Overhang(s), Chimney Cap(s), Private Entry
 
Cooling: Window Unit(s)
Heating: Baseboard, Hot Water, Natural Gas
 
Listing Office: Bloomfield Hills - Max Broock Realtors
Office Address: 4130 Telegraph Rd.
Listing Number: 2200068606
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