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    1505 Ford Blvd Lincoln Park, MI 48146

    Pending
    For Sale
    $424,900

    MULTI_FAMILY - Lincoln Park, MI

    Lot size:
    0.30 Acres
    Days on Market:
    573
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 1505 Ford Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Laundry Room, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 2
    Bedrooms
    8
    APN
    45-021-01-0046-002
    Parking
    9
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1969
    Number of units
    4
    Building materials
    Brick

    Preferred, Realtors Ltd (734) 459-6000

    Listing agent Benjamin Cockrum (734) 787-6887

    Listing date May 21, 2024

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Lincoln Park Fourplex

    This is a fully occupied, turnkey four-unit complex suitable for investors. Each unit features two bedrooms and one bathroom. The property has undergone several updates, including new furnaces, a paved driveway, new siding, gutters, downspouts, outside lighting, a new 6-foot fence in the back, and updated windows throughout. Unit 2 includes an updated kitchen. The lease for Unit 2 expires in July 2024, and the lease for Unit 1 expires in October 2024. Units 3 and 4 are currently rented on a month-to-month basis. The tenant in Unit 4 has been in place since 2018, and the tenant in Unit 3 has been there since 2021. The owners have prepaid for fertilization services for 2024 and are responsible for the water bill. Each unit is equipped with separate gas and electric hookups. Current rents are below the market value, with the average rent for a two-bedroom unit in Lincoln Park being $1050 per month. The property is located in Lincoln Park, Michigan, in Wayne County, and sits on a 0.3-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.18432
    Latitude
    42.225873

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied four-unit complex with recent updates and strong investment potential.
    Where is this quadplex located?
    The property is located at 1505 Ford Blvd Lincoln Park, MI.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Turnkey, fully occupied 4-unit complex, providing immediate rental income.; - Significant updates including furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6ft fence, and updated windows throughout.; - Opportunity to increase rental income as current rents are below the Lincoln Park average of $1050/mo for a 2-bedroom unit.
    (734) 787-6887
    Request Owner's contact information
    1505 Ford Blvd Lincoln Park, MI 48146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 Ford Blvd Lincoln Park, MI 48146
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