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$204,999

Beds
4
Baths
2.0
sq ft
1,512

1012 Garfield Ave, Lincoln Park, MI 48146

1012 Garfield Ave

Lincoln Park, MI 48146

  • 18 days on market
This well-maintained duplex offers two fully rented units with strong, long-term tenants in place. The lower unit features 3 nice bedrooms and brand-new flooring, while the upper unit includes 1 bedroom, a dedicated tenant of many years, and a private small roof deck. Both units share a clean basement. The furnace has been replaced within the past 5 years. Seller to provide City Cert. Located in a desirable neighborhood, this property provides consistent rental income and solid cash flow—perfect for investors looking to add a turnkey asset to their portfolio.

Details

Property type

Single Family Residence

Est. home value

$154,053

Lot size

3,920 sq ft

Price per sq ft

$136

Year built

1927

Annual property taxes

$3,071

Price History

12/04/2024
Realcomp

Realcomp #20240090112

Listed
$204,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lincoln Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lake Michigan Cu

Loan start date

August 2023

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

8%

Loan type

New Conventional, 30 year

Seller

Lukas Bondy

Lender

Lake Michigan Cu

Loan start date

August 2023

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

8%

Loan type

New Conventional, 30 year

Seller

Lukas Bondy

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 12:25 AM

Listing updated: 12/05/2024 at 1:05 PM

Listed by: Justin Tibble, NEXGEN Realty Phone #: (810) 987-1100

MLS: Realcomp #20240090112

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