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1470 Paris Ave - Lincoln Park Apartments 12 Unit Apartment Building Offered at $1,899,842 CAD at a 7.86% Cap Rate Lincoln Park, MI 48146
Investment Highlights
- 12 UNIT MULTI-FAMILY BUILDING
- ALL UNITS: 1 BED / 1 BATH WITH FULL KITCHEN & LIVING AREA
- COMPLETELY RENOVATED – TURNKEY CONDITION
Executive Summary
XCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK!
THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA.
THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME.
LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
THIS FULLY RENOVATED MULTI-FAMILY PROPERTY FEATURES 12 UNITS, EACH OFFERING 1 BEDROOM, 1 BATHROOM, FULL KITCHEN, AND SPACIOUS LIVING AREA.
THE BUILDING HAS BEEN COMPLETELY UPDATED, PROVIDING A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW WITH MINIMAL MAINTENANCE. EACH UNIT IS SEPARATELY METERED FOR UTILITIES (TENANTS PAY THEIR OWN ELECTRIC & GAS), WITH OWNER RESPONSIBLE FOR WATER ONLY, MAXIMIZING NET OPERATING INCOME.
LOCATED IN A HIGH-DEMAND RENTAL AREA, THIS PROPERTY OFFERS STRONG TENANT APPEAL AND CONSISTENT OCCUPANCY POTENTIAL. PERFECT FOR BOTH NEW AND SEASONED INVESTORS LOOKING TO ADD A LOW-MAINTENANCE, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$189,441
|
$25.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,441
|
$25.26
|
| Taxes |
$19,552
|
$2.61
|
| Operating Expenses |
$20,715
|
$2.76
|
| Total Expenses |
$40,267
|
$5.37
|
| Net Operating Income |
$149,174
|
$19.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $189,441 |
| Annual Per SF | $25.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $189,441 |
| Annual Per SF | $25.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,552 |
| Annual Per SF | $2.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,715 |
| Annual Per SF | $2.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,267 |
| Annual Per SF | $5.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $149,174 |
| Annual Per SF | $19.89 |
Property Facts
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 45-003-10-0236-300 | Total Assessment | $273,935 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $19,552 CAD ($2.61 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
45-003-10-0236-300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$273,935 CAD
Annual Taxes
$19,552 CAD ($2.61 CAD/SF)
Tax Year
2025
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1470 Paris Ave - Lincoln Park Apartments
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