1505 Ford Boulevard Lincoln Park, MI ^$ 424,900

1505 Ford Boulevard

^$ 424,900

Back to search

1505 Ford Boulevard

Lincoln Park, MI, 48146

^$ 424,900

Studio Baths0.0

Monthly Estimate*

^$ 2,824

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 1

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 2

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 3

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 4

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 5

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 6

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 7

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 8

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 9

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 10

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 11

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 12

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 13

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 14

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 15

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 16

1505 Ford Boulevard, Lincoln Park, MI 48146 - Image 17

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.

Multi-Family Pending

Price

^$ 424,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,764

Style

Lot Size

0.3

Year Built

1969

Town/City

Lincoln Park

County/Region

Wayne

MLS | Web ID

70391204

Features

General

Interior Features Cable/Internet Avail.

Heating Forced Air

Water Public Water

Status Pending Pending

Year Built 1969

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 32857

Municipality Lincoln Park

Subdivision MI

Area Lincoln Park (82143)

Primary City Lincoln Park

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

Street Name Ford

Financial Terms Cash Conventional

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 LI

DOM 1

Postal Code 48146

Coming Soon 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

Exterior

Exterior Brick

Frontage 49

Lot Size Area 0.3

Lot Dimensions 49x129

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Benjamin Cockrum

Listing Agent

Preferred, Realtors Ltd

Broker

ben@welcomehomedetroit.com

Affordability Calculator

$3,304

Per Month

Monthly Principal & Interest: $2,824
Monthly Property Taxes: $480
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Lincoln Park, MI

Average List Price ^$400,722

Percent of Sale Price 6%

About Lincoln Park, MI

37,623 Population

-6% Since 2002

^$41,099 Median Income

38.7 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$424,900		Listed Price

Map

More homes like this one

homes for you

See all

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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1505 Ford Boulevard

Multi-Family Home for sale in Lincoln Park, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home