• 1505 Ford Boulevard Lincoln Park, Michigan 48146

  • $424,900
  • 8
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 0.3
    Acre

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.

Property Type :

Multifamily

County :

Wayne

Style :

Multifamily

Sell a home like this and save $24,995 Find Out How

Property Details

 

Interior Features

Laundry Facility,Cable Available

Roof : Other

Heating & Cooling

Cooling: Wall Unit(s)

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1969

Total Units: 4

Roof: Other

Foundation/Basement: Slab

Utility Features

Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

Water

Public (Municipal),Water at Street

Lot Information

Lot Size: 0.30

Lot Dimensions: 49x129

Frontage Feet: 49

Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $424,900

Listing Information

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 LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR

Tax Information

Annual Tax: $5,765

Parcel Number: 45021010046002

Legal Information

Legal Description: Section: 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 LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR

Parking Information

Parking: 9

Multi-Unit Information

Road Frontage: Paved

Unit 2 Information

# of Bedrooms: 4

School Information

School District: Lincoln Park

Utility Information

Water:Public (Municipal),Water at Street

Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2279 Detroit Avenue , Lincoln Park, MI,48146 $199,000 3 1 1,080 0.1 Acre
2159 Detroit Avenue , Lincoln Park, MI,48146 $155,000 2 1 685 0.09 Acre
1389 Oconnor Avenue , Lincoln Park, MI,48146 $79,900 2 1 852 0.07 Acre
2035 Chandler Avenue , Lincoln Park, MI,48146 $112,000 4 1 1,428 0.09 Acre
2035 Chandler Avenue, Lincoln Park, MI,48146 $112,000 4 1 1,428 0.09 Acre
1741 Cleveland Avenue , Lincoln Park, MI,48146 $152,000 -- -- 1,114 0.11 Acre
1741 Cleveland Avenue, Lincoln Park, MI,48146 $152,000 3 1 1,114 0.11 Acre
2204 Council Ave Avenue, Lincoln Park, MI,48146 $159,500 3 1 1,442 0.1 Acre
1205 Garfield Avenue , Lincoln Park, MI,48146 $899,800 10 100 9,280 0.24 Acre
535 Cleveland Avenue, Lincoln Park, MI,48146 $157,000 3 1 450 0.09 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/12/2024 @ 21:16

MLS: 601351705
LISTED BY: Benjamin Cockrum , Preferred, Realtors Ltd
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $24,995 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion