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Pending
    • $424,900

    1505 Ford Blvd, Lincoln Park, MI 48146

    8beds
    4baths
    --sqft
    : 
    $3,356/mo
    Get pre-qualified
    2 to 4 Units
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    892 days
    |
    7
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Benjamin Cockrum 734-787-6887,

    Preferred, Realtors Ltd 734-459-6000,

    Jeffrey Packer 734-707-7992,

    Preferred, Realtors Ltd

    Source: MichRIC,MLS#: 24008731MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • Wall Unit(s)
      Appliances
      • Laundry: In Unit, Laundry Room, Main Level
      Features
      • Basement: Slab

      Property

      Parking
      • Total spaces: 9
      • Parking features: Paved
      Lot
      • Size: 0.3 Acres
      • Dimensions: 49 x 129
      Details
      • Parcel number: 45021010046002

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 2 to 4 Units
      Materials
      • Brick
      • Roof: Other
      Condition
      • New construction: No
      • Year built: 1969

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Natural Gas Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

      Community & HOA

      Location
      • Region: Lincoln Park

      Financial & listing details

      • Tax assessed value: $80,067
      • Annual tax amount: $5,764
      • Date on market: 2/22/2024
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Gas
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/21/2024Pending sale$424,900
        Source: MichRIC #24008731 Report a problem
        5/15/2024Listed for sale$424,900
        Source: Realcomp II #81024008731 Report a problem
        3/4/2024Contingent$424,900
        Source: MichRIC #24008731 Report a problem
        2/22/2024Listed for sale$424,900+70%
        Source: MichRIC #24008731 Report a problem
        10/5/2018Listing removed$249,900
        Source: Real Estate One #217097332 Report a problem
        6/10/2018Listed for sale$249,900
        Source: Real Estate One #217097332 Report a problem
        5/24/2018Pending sale$249,900
        Source: Real Estate One #217097332 Report a problem
        10/31/2017Listed for sale$249,900+34.4%
        Source: Real Estate One #217097332 Report a problem
        4/8/2010Sold$186,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $139,800 +19%
        2024-- $117,500 +9.6%
        2023-- $107,200 +25.5%
        2022-- $85,400 +17.3%
        2021-- $72,800
        2020$5,297 $72,800 -3.7%
        2019-- $75,600 +7.7%
        2018-- $70,200 -26.9%
        2017-- $96,000 +1.4%
        2016$6,891 $94,700 -3.5%
        2015$6,891 -31.6%$98,100 -5.5%
        2013$10,070 +46.1%$103,800 +4.4%
        2012$6,891 $99,400 -5.2%
        2010-- $104,900 -2.9%
        2009-- $108,000 -1.6%
        2008-- $109,800 -40.6%
        2007-- $184,900 +5.7%
        2005$5,974 $174,900 +3%
        2003-- $169,800 +68.3%
        2001$7,185 +7.6%$100,904 +3.2%
        2000$6,678 $97,776
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 48146

        Nearby schools

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