1505 Ford Boulevard $424,900

    Close

    1505 Ford Boulevard Lincoln Park, MI 48146

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 70391204
    Favorite Share
    Views: 20 Days On Site: 183

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Calling all investors! Turnkey, fully occupied 4-unit complex. Each unit is 2 BD, 1 BA. Updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6ft fence in back & updated windows throughout. Unit 2 has updated kitchen w/tenant whose lease expires 7/24. Unit 1 lease expires 10/24. Units 3 & 4 are month to month. Unit 4 tenant has been there since 2018. Unit 3 tenant has been there since 2021. Owners prepaid 2024 fertilization & pay the water bill. Each unit has separate gas & electric hook up. Current rents are below market value. Avg rent for a 2 bedroom in Lincoln Park is $1050/mo. No showings until offer is accepted. Photos are Unit 3. Unit 1 & 3 are the same; 2 & 4 are the same, flipflopped. DO NOT DISTURB THE TENANTS. Call Ben with questions.

    • General Features
      • Acreage 0.3
      • Area Municipality Lincoln Park (82143)
      • County Wayne
      • Originating MLS Greater Metropolitan Association of REALTORS
      • Waterfront Y/N No
      • Year Built 1969
    • Building Features
      • Exterior Construction Brick
      • FUEL TYPE Natural Gas
      • Foundation Type Slab
      • Interior Features Cable/Internet Avail.
      • Heating System Forced Air
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads City/County, Paved Street
      • Lot Size 49x129
      • Water Public Water

    Neighborhood

    48146 (Lincoln Park) Demographics

    36 Median Age
    6,222 Population Density (per sq. mile)
    19% College Educated
    $47,094 Estimated Median Income
    10,425 Estimated Total Home Owners
    4,309 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    36,525 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $155,250 Median Sales Price
    40 Homes Sold
    47 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $424,900
        5/21/2024 10:20:44 AM Status Changed Source: Multiple Listing Service New Value: Pending
        5/15/2024 10:21:00 AM New in Database Source: Multiple Listing Service New Value: $424,900

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.