Turnkey Lincoln Park
For Sale
$424,900
Pending
1505 Ford Boulevard, Lincoln Park, MI 48146
MULTI_FAMILY - Lincoln Park, MI
Property SizeContact for details
Lot Size0.30 Acres
Days on Market898
Property Features for 1505 Ford Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 1, Laundry Room, Bedroom 6
Parking
9
Elementary school district
Lincoln Park
Middle school district
Lincoln Park
High school district
Lincoln Park
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.
Subdivision
Wayne County - 100
Standard status
Pending
APN
45-021-01-0046-002
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
NK46B 47 QC96B E 19 FT OF LOT 46 ALSO LOT 47 AND N 1/2 ADJ VAC ALLEY OF MINERAL SPRINGS SUBN L41 P9 ALSO THAT PART OF LOT 96 AND N 1/2 ADJ VAC ALLEY ALSO W 1/2 ADJ VAC ST COMBINED LYING N OF CENTER LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR
Tax Annual Amount
5765
Legal Description
NK46B 47 QC96B E 19 FT OF LOT 46 ALSO LOT 47 AND N 1/2 ADJ VAC ALLEY OF MINERAL SPRINGS SUBN L41 P9 ALSO THAT PART OF LOT 96 AND N 1/2 ADJ VAC ALLEY ALSO W 1/2 ADJ VAC ST COMBINED LYING N OF CENTER LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR
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
Listing Agency:
Preferred, Realtors Ltd
(734) 459-6000
Listed By:
Benjamin Cockrum · License #6501402850
(734) 787-6887
Added: Feb 22, 2024
Changed: Jul 25
Last Checked: Aug 8 at 3:06PM
MLS# 24008731
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Turnkey fully occupied 4‑unit complex with each unit offering 2 BD and 1 BA
- Building updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6‑ft back fence, and updated windows
- Each unit has separate gas and electric hookups; heating is forced air and cooling is wall unit(s)
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 Boulevard 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 with each unit offering 2 BD and 1 BA; Building updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6‑ft back fence, and updated windows; Each unit has separate gas and electric hookups; heating is forced air and cooling is wall unit(s)
