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Turnkey Four-Unit Investment Property

1505 Ford Blvd, Lincoln Park, MI 48146

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For Sale

$424,900

Fully occupied four-unit complex with recent updates and below-market rents.

Type:Investment

HighLights

Turnkey, fully occupied 4‑unit complex.
Below market rents offer significant upside potential.
Recent updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new fence, and updated windows.
Each unit is 2 BD, 1 BA.
Each unit has separate gas & electric hook up.
Very walkable location (Walk Score: 72).

We can help!

Listing Contact

Benjamin Cockrum

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For Sale

$424,900

Fully occupied four-unit complex with recent updates and below-market rents.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 7:51 pm

Property Features for 1505 Ford Blvd

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1969

We can help!

Listing Contact

Benjamin Cockrum

Listing agent Benjamin Cockrum

Listing office Preferred, Realtors Ltd

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Preferred, Realtors Ltd

HighLights

Turnkey, fully occupied 4‑unit complex.
Below market rents offer significant upside potential.
Recent updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new fence, and updated windows.
Each unit is 2 BD, 1 BA.
Each unit has separate gas & electric hook up.
Very walkable location (Walk Score: 72).

Overview

This is a fully occupied, four-unit complex, suitable for investors. Each unit features two bedrooms and one bathroom. Several updates have been completed, 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 has an updated kitchen. The lease for Unit 1 expires in October 2024, while the lease for Unit 2 expires in July 2024. Units 3 and 4 are currently month to month. 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 for 2024 and are responsible for the water bill. Each unit has separate gas and electric hookups. Current rents are below market value, with the average rent for a two-bedroom unit in Lincoln Park being $1050 per month. Units 1 and 3 have the same layout, while Units 2 and 4 are similar but flip-flopped. The property is located in Lincoln Park, Michigan. The bike score is 49, indicating it is somewhat bikeable, and the walk score is 72, indicating it is very walkable.

Location Intelligence

Current Use by Public Records

Quadplexes

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Location Insight

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Local Demand

City: Lincoln Park
County: Wayne
State: Michigan
Longitude: -83.1842931
Latitude: 42.225863

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For sale
Quadplexes
MI
Lincoln Park
48146
1505 Ford Blvd

What type of property is this?

Quadplex - Fully occupied four-unit complex with recent updates and below-market rents.

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.; Below market rents offer significant upside potential.; Recent updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new fence, and updated windows.