Log In/Sign Up
Your email has been sent.
Lincoln Park Apartments 1470 Paris Ave 12 Unit Apartment Building $1,953,172 CAD ($162,764 CAD/Unit) 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
EXCEPTIONAL 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 |
$194,759
|
$25.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$194,759
|
$25.97
|
| Taxes |
$20,101
|
$2.68
|
| Operating Expenses |
$21,296
|
$2.84
|
| Total Expenses |
$41,398
|
$5.52
|
| Net Operating Income |
$153,361
|
$20.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $194,759 |
| Annual Per SF | $25.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $194,759 |
| Annual Per SF | $25.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,101 |
| Annual Per SF | $2.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,296 |
| Annual Per SF | $2.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,398 |
| Annual Per SF | $5.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,361 |
| Annual Per SF | $20.45 |
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 | $279,177 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $20,101 CAD ($2.68 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
$279,177 CAD
Annual Taxes
$20,101 CAD ($2.68 CAD/SF)
Tax Year
2025
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lincoln Park Apartments | 1470 Paris Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.