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1505 Ford Boulevard Lincoln Park, MI $ 424,900
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$ 424,900 Get more info
1505 Ford Boulevard
$ 424,900
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1505 Ford Boulevard

Lincoln Park, MI, 48146
$ 424,900
Baths0.0

Monthly Estimate*

$ 2,824

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Studio

Multi-Family Home for sale in Lincoln Park, MI

for $424,900. This home was built in 1969 on a lot size of 0.3.

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.

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Multi-Family Pending

Price

$ 424,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,764

Style

2 to 4 Units

Lot Size

0.3

Year Built

1969

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

24008731
Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Wall Unit(s)
Utilities Public Water Available Public Sewer Available Natural Gas Available Cable Available Phone Connected Natural Gas Connected Electric Connected Cable Connected
Roof Other
Construction Materials Brick
Year Built 1969
Tenant Pays Electric Gas
Township Lincoln Park City
Property SubType 2 to 4 Units
Tax Year 2023
Gross Income 42600.0
County Wayne
Net Operating Income 32857.0
Operating Expense 9743.0
New Construction N
Property Type Multi-Family
Attached Garage N
Status Pending
Directions Fort St to Ford Blvd W on Ford Property is located on the Southwest corner of Ford and Lafayette. Lafayette dead ends at Ford and becomes the parking lot for the complex.
City Lincoln Park
High School District Lincoln Park
NumberOfUnitsTotal 4
MLS Area Wayne County - 100
Lot Size Units Acres
Lot Size Square Feet 13199.0
Waterfront Y/N N
Street Name Ford
Land Lease Y/N N
Tax Annual Amount 5764.86
Lease Renewal Y/N N
MLS Area Minor Wayne County - 100
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 1
Standard Status Pending
Tax Assessed Value 80067
Legal Description NK46B 47 QC96B E 19 FT OF LOT 46 ALSO LOT 47 AND N 1/2 ADJ VAC ALLEY OF MINERAL SPRINGS SUBN L41 P9 ALSO THAT PART OF LOT 96 AND N 1/2 ADJ VAC ALLEY ALSO W 1/2 ADJ VAC ST COMBINED LYING N OF CENTER L
Senior Community None
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Interior
Basement Slab
Total Fireplaces 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Boulevard
Laundry Features In Unit Laundry Room Main Level
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved
Total Parking 9.0
Lot Size Area 0.3
Number of Buildings 1
Spa N
Lot Dimensions 49x129
Lot Size Acres 0.3
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1505
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* Excluded Features
List By
Preferred, Realtors Ltd

Broker

ben@welcomehomedetroit.com

Email

Affordability Calculator

$3,304
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,824
Monthly Property Taxes
$480
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4397317 Elementary School
4397315 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/22/2024$424,900 Listed Price

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1505 Ford Boulevard, Lincoln Park, MI, 48146 is a Multi-Family Home for sale at $424,900 with a lot size of 0.3. 1505 Ford Boulevard is a studio with 0.0 baths and was built in 1969. The property's zip code is 48146 which is in Lincoln Park, MI

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