Property Description:
Solid Cash-Flowing Property, Pro forma cap rate 11.0%, Pro Forma cash on cash return 55%.
? Great Investment Opportunity
Great Location: Lincoln Park MI is located in the greater Detroit MI SMA. 20-minute drive to Wayne State University, downtown financial and entertainment district, and all four major league sports teams. 15-minute drive to Detroit Metropolitan Airport. Nationally ranked hospitals, including Henry Ford Hospital, Detroit Medical
Center, and Beaumont Health System. 15 trade Schools Colleges & Universities within commuting distance. Major Employers: Amazon, Ford Motor Company, General Motors, DTW Airport, DMC Medical Center, Marathon Fuels, & Great Lakes Water Authority. Close to several major freeways and public transportation.
Cap Rate on Actuals: 10.3%, Property Value Increase of 17% in the past 12 months. Perfect Starter multifamily deal.