2 months on rocket

Backup Offers

1505 Ford Blvd, Lincoln Park, MI, 48146

$424,900

Home List Price

$5,046*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1505 Ford Blvd, Lincoln Park$424,900

Buyer Closing Credits

$5,046*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1969
HeatingForced Air, Natural Gas
CoolingWall Unit(s)
MLS #24008731
Lot Size0.30 Acres
StatusAccepting Backup Offers
(Active Backup)

About 1505 Ford Blvd

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 Details

Property Features

Property Information:

  • Year Built: 1969

Listing Office:

  • Office Name: Preferred, Realtors Ltd
  • Office Phone: (734) 459-6000
  • Listing Agent: Benjamin Cockrum, Jeffrey Packer

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Lincoln Park High School, Public District Grades 9-12
  • Lincoln Park Middle School, Public District Grades 7-8
  • Hoover Elementary School, Public District Grades PK-6

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $424,900

Tax Information:

  • Annual Amount: $5,297
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lincoln Park, MI.

Map thumbnail provided by MapBox

Lincoln Park, MI

City

Med. Sold Price

$146.9K

Med. Price/SqFt

$137

Avg. Days On Market

29

# of Sold Homes

30

1505 Ford Blvd vs Lincoln Park

66 DAYS ON ROCKET

+37 Days

$424,900

+$277.9K More

KEY TAKEAWAY

This property is $277.9K more than the Median Sold Price in Lincoln Park, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24008731

Listing Office:

  • Office Name: Preferred, Realtors Ltd
  • Office Phone: (734) 459-6000
  • Listing Agent: Benjamin Cockrum, Jeffrey Packer

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 12:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 08, 2010Home Sold
$186,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,297$85,400
2020$5,314$72,800
2018$5,314$97,500
2017$7,113$97,400

History based on county public records data.

Payment Calculator

$2,188

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,340

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3109819
7
/10

  • Hoover Elementary School

  • 3750 Howard St

  • 0.36 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3109820
3
/10

  • Lincoln Park Middle School

  • 2800 Lafayette Blvd

  • 1.29 miles

  • Public District Grades 7-8

High School

school-card-donut-3109821
4
/10

  • Lincoln Park High School

  • 1701 Champaign Rd

  • 1.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,571. The majority of Lincoln Park, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Lincoln Park›48146›1505 Ford Blvd

This home is located at 1505 Ford Blvd in Lincoln Park, MI and zip code 48146. This home, which was built in 1969, sits on a 0.30 acre lot. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $424,900.

Over 8 listings were sold over their listed price in March 2024 in Lincoln Park, MI. In the same period over 17 listings were sold below the listed price and 5 listings were sold for the listed price. The number of listings in Lincoln Park, MI decreased by 10.8% between February 2024 and March 2024. Listings spent 29 days on the market in March 2024, and had a median list price of $146,980 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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