585 SOUTHFIELD Road, Lincoln Park MI 48146

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$399,900

585 SOUTHFIELD Road, Lincoln Park, MI 48146

bedrooms

bathrooms

square feet

3,600

Acreage

0.05

Open Houses

year built

1926

Full Baths

Half Baths

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Prime Investment Opportunity in Lincoln Park! This high-visibility mixed-use property on Southfield Rd offers a projected gross annual income of $51,000 with low annual expenses of $9,300. The commercial storefront is leased for $1,500/month with 5 years remaining on the lease, while the residential units include a move-in ready 2-bedroom (projected at $1,000/month), a 1-bedroom being prepped for re-rental (projected at $800/month), and a 2-bedroom rented month-to-month at $1,000/month. Additional features include separate utilities for each unit, shared basement storage, and a history of passing annual city inspections. With solid income potential and manageable expenses, this is an outstanding opportunity for investors. Schedule your showing today!

Location
Subdivision	SUBURBAN PARK SUB
County	Wayne
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 20240089506

Listing agent: Yasir Abulaban

Listing broker: Own It Realty (313) 395-0000

Last update: Wednesday, January 15 2025 at 4:16 p.m. EST

Kotohomes National