PROPERTY ANALYSIS

Oakman Boulevard

Community Neighborhood

NOAH Property Overview

Property characteristics

Within the Oakman Boulevard Community neighborhood, there are a total of 1,585 rental-occupied units.1 After our team completed detailed property identification and site-specific research, 45 properties with between 4 and 36 units were identified in the neighborhood as NOAH. These 45 properties have a total of 465 units, comprising 29.3% of the total neighborhood rental-occupied unit stock.

A distribution analysis of the number of units shows that the majority (22) of properties have 4-7 units while the second largest composition of properties (9) has 7-13 units. The median number of units per property within the target 45 properties is 7, which shows that most NOAH properties are relatively small.

Our 45 target properties are also described in more detail in property profiles that were specifically curated for each individual property (See Appendix B). The property profiles aim to share additional information related to property typology, site conditions, permit information, transaction history, and normalized sale metrics (i.e., last sale price per unit, last sale price per square feet). The profiles also include a recent image of the property and a figure depicting sales history compared to the neighborhood average over a period from 2011-2022 .

Source: U.S. Census Bureau, 2022 Census Tracts

100% of the 45 NOAH properties in the neighborhood were built before 1978, when lead paint was officially banned in the State of Michigan. Of the 45 properties, 66.67% (30/45) were built between 1924 and 1932, when no lead restrictions were in place. Typically, these properties pose the more significant problems with respect to lead exposure should lead clearance not be achieved.