1521 Electric Ave
Lincoln Park, MI 48146
Immeuble residentiel Bien À vendre · 8 Lots

8 unit apartment building, 2 separate buildings with 4 (one) bedroom units in each building, each unit consists of living room, kitchen, bedroom & bathroom, on-site laundry available, large parking lot shared between buildings, 100% tenant occupied, nice curb appeal, all data apx.
1521 Electric Avenue presents the opportunity to acquire an eight-unit multifamily asset in Lincoln Park, a mature Downriver community within the Detroit metropolitan area. The property consists of two separate residential buildings, each containing four one-bedroom apartment units. The asset benefits from an established residential setting with convenient access to major regional transportation corridors including I-75, Southfield Road, and Fort Street, providing connectivity throughout Wayne County and the broader Detroit market.
The property's configuration offers operational flexibility through two distinct buildings situated on a single site, supported by a shared parking area and on-site laundry facilities. With all units reported as occupied, the asset provides an existing tenant base and ongoing residential use. Lincoln Park's location within the Downriver region places the property near a diverse employment base that includes manufacturing, logistics, healthcare, retail, and service-sector employers throughout southern Wayne County. Nearby communities including Detroit, Allen Park, Southgate, and Wyandotte contribute to the area's residential demand drivers and workforce population.
The surrounding area features established neighborhoods, retail services, dining options, schools, and community amenities that support long-term residential occupancy. Access to Detroit Metropolitan Wayne County Airport and major employment centers throughout the metropolitan area further enhances regional connectivity. Investors have the opportunity to acquire a multifamily property within a densely developed urban-suburban environment that continues to benefit from its proximity to Detroit and the broader Southeast Michigan economy.