575 E Lincoln Street
Birmingham, MI 48009

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Description

Exceptionally rare opportunity to acquire a fully occupied eight-unit apartment building on the north side of Lincoln in downtown Birmingham. Positioned on approximately .40 acres spanning four contiguous lots, the property presents a compelling opportunity for both investors and developers. The existing building offers strong in-place occupancy with room for thoughtful modernization, while the underlying land provides long-term redevelopment potential in one of Birmingham's most established and desirable residential corridors. Built in 1981, the building has been carefully maintained and remains 100% occupied. The apartments are clean and functional, with generous layouts, in-unit laundry, forced-air heating, central A/C, and individually metered utilities. Properties of this scale and location rarely become available, particularly within walking distance of downtown Birmingham's shops, restaurants, and entertainment. Please do not walk the premises unless given consent by listing agents.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48009
• Year Built: 1981
• Subdivision/Neighborhood: Birmingham
• School District: Birmingham
• Basement: Slab
• Lot Size: 17424 sq ft lot
• Zoning: Residential
• Basement Type: No
• Construction Materials: Brick
• Cooling: Central Air
• Directions: West of Woodward on the North side of Lincoln
• Extras: Laundry Facility
• Gross Income: 142260
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Features: Sidewalk
• Lot Size Area: 0.4
• Lot Size Square Feet: 17424
• Lot Size Units: Acres
• Main Type: Multi Family
• Parcel Number: 1936257045
• Road Frontage: 165
• SEV: 879050
• Street Type: Paved
• Tax Annual Amount: 20264
• Tax Legal Description: T2N, R10E, SEC 36 LINCOLN-WOODWARD SUB LOTS 1 TO 4 INCL
• Total Approx Sq Ft All Bldgs: 8642
• Total Num Units: 8
• Township: Birmingham
• Water Source: Public