MI > Wayne > Lincoln Park > 1531 Electric Ave

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1531 Electric Ave Map / directions

Lincoln Park, MI

48146 Market info

  • 8 Units
  • 5,105 SqFt
  • MLS# 2200019622
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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

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248-208-3883

Investor needed! This listing is for 2 brick ranch style 4 unit buildings. Private appraisal has already done and available to view in docs, combined appraised value is $361,000. 6 units are rented with long term, good paying tenants that desire to stay. 1521 is on a slab (has 1 recently vacant unit), and 1531 has a basement under the 2 bdrm unit(unoccupied, belonged to previous owner), and crawl under the rest. Units could use some updating, but city rental inspection was done and passed in November. **New windows and water heaters in the units within the last 2 years. **Close proximity to public transportation, and city housing offices. **Sqft, taxes , units, and lot sizes have been combined to include both properties.**Net income is an estimate, there are no records available. Estate sale, Probate has already been started, executor appointed, purchase price has to be approved but has been moving quickly. Call for a showing, 24-48 hours notice requested to accommodate tenants.

Property Information

Status
Sold 
Address
1531 Electric Ave 
City
Lincoln Park 
Zip
48146 
Year Built
1965 
Style
Quadruplex 
Possession
At Close 
Architecture
1 Story 
Listing Date
03/08/2020 
Subdivision
Frederick-Roberts-Mckenny Realty Co Sub 
County
Wayne 
Above Grade SqFt
5,105 
Total No of Units

School Information

School District
Lincoln Park 

Taxes

Summer Taxes
$7,427 
Winter Taxes
$1,349 

Rooms and Land

Unit1
Bedrooms: Two Bedroom Bathrooms: 896
Lot Dimensions
226X160 

Features

Style
Quadruplex 
Basement
Partially Finished 
Cooling
Wall Unit(s), Window Unit(s) 
Heating
Forced Air, Natural Gas 

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years
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annual
  • Property History
  • Schools Information
  • Local Business
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
2200019622 Sold Pending Sep 21 2020 10:43PM $310,000 120
2200019622 Pending Contingency Jul 19 2020 10:36PM 120
2200019622 Contingency Active Apr 17 2020 6:35PM 120
2200019622 Active Pending Mar 23 2020 7:36PM 120
2200019622 Pending Active Mar 14 2020 5:06PM 120
2200019622 Active Mar 9 2020 10:36PM $350,000 120
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MIRC Logo

Listing Courtesy of Home Direct Realty
Office Address 13330 Fort Street

Real Estate One Family of Companies

1531 Electric Ave Lincoln Park
Contact us
$350,000
Sold • No. of Units: 8