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694 Lincoln AVE Clawson, MI 48017
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Key Details
Sold Price $202,000
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,428 sqft
Price per Sqft $141
Subdivision Pallister'S Sub
MLS Listing ID 2200068606
Style Bungalow
Bedrooms 2
Full Baths 3
Year Built 1948
Annual Tax Amount $3,255
Lot Size 8,712 Sqft
Property Sub-Type Bungalow
Property Description
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
Location
State MI
County Oakland
Area Clawson
Zoning Multi-Family
Interior
Hot Water Natural Gas
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Exterior
Exterior Feature Awning/Overhang(s), Chimney Cap(s), Private Entry
Garage Spaces 8.0
Roof Type Asphalt
Building
Foundation Crawl
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Aluminum,Block/Concrete/Masonry
Schools
School District Clawson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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