Quick Lincoln Park Real Estate Search

View All Lincoln Park MI 3 Story Home Listings

$270,000
3 Baths 20261071896 MLS
Turnkey, Fully Occupied Triplex | Renovated | $24,000 Stabilized NOI 1187 Park Avenue offers investors the opportunity to acquire a fully occupied, recently renovated triplex with stabilized operations, long-term tenants, and limited near-term capital needs. The property is configured as two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom basement apartment, providing a practical and attractive unit mix for both investors and residents. The property currently generates $2,025 per month in rental income, with the current rent roll offering the potential to increase to as much as $3,150 per month, creating additional upside beyond current income. The property benefits from an exceptionally stable tenant profile, with tenants who have occupied the building for more than 10 years and have taken excellent care of the property. Their long-term tenancy and responsible occupancy contribute to minimal turnover, reduced wear and tear, and limited property management needs. Importantly, new leases reflecting the potential rent increases have not yet been executed, providing a new owner with the ability to raise rents to as much as $3,150 per month at signing, subject to market conditions and lease execution. The asset is 100% occupied, providing immediate cash flow without the execution risk associated with lease-up. During the current ownership period, more than $25,000 was invested in renovations across the property, leaving the next owner with a substantially completed product rather than a value-add project. The owner covers water, gas, and electricity, all of which are reflected in the stabilized NOI. With the renovation program complete, long-term tenants in place, minimal management requirements, and the ability to raise rents to as much as $3,150 per month, 1187 Park represents a finished, income-producing multifamily asset with additional near-term rental upside available to the next owner. No showings without an accepted offer.

1187 Park, Lincoln Park

Courtesy of RE/MAX Leading Edge 3132777777

$185,000
3 Beds 2 Baths 20250036476 MLS
Don't miss this excellent opportunity to own a versatile single-family home that’s ideal as a primary residence or a cash-flowing investment! This charming open concept home features 3 spacious bedrooms, 2 full baths, and a fully fenced large backyard—previously home to a pool and 12x12 gazebo—offering ample space for entertaining, gardening, or outdoor living. Centrally located, you’ll be just 15 minutes from both Detroit Metro Airport and downtown Detroit's top concert venues and sports arenas. A perfect setup for frequent travelers or those looking to tap into the short-term rental market. Enjoy the convenience of nearby parks, walkable access to highly rated schools, and close proximity to Allen Park, major highways, shopping, and restaurants. Currently tenant-occupied on a month-to-month basis, this home offers flexibility for buyers looking to move in, lease long-term, or explore Airbnb possibilities. A new HWT (2025) and a recent appraisal at $205,000 offers peace of mind and solid value, making this an ideal choice for homeowners and investors alike. With a little light TLC and cleaning, this property is ready to shine!!! Whether you're growing your investment portfolio or searching for your next home in a prime location, this is an opportunity you don't want to miss. Please do not disturb the tenant!! Showings available by appointment only with at least 24-hours' notice and must be accompanied by a licensed real estate agent.

2205 Regina Ave, Lincoln Park

Courtesy of EXP Realty Main 8885017085

Selling Office: Keller Williams Legacy.

Start Your Search

IDX provided courtesy of Realcomp II Ltd., via Real Estate Company. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.