$424,900
Lincoln Park, MI 48146
MLS# 24008731
Status: Pending
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Property Description
Calling all investors! Turnkey, fully occupied 4-unit complex. Each unit is 2 BD, 1 BA. Updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6ft fence in back & updated windows throughout. Unit 2 has updated kitchen w/tenant whose lease expires 7/24. Unit 1 lease expires 10/24. Units 3 & 4 are month to month. Unit 4 tenant has been there since 2018. Unit 3 tenant has been there since 2021. Owners prepaid 2024 fertilization & pay the water bill. Each unit has separate gas & electric hook up. Current rents are below market value. Avg rent for a 2 bedroom in Lincoln Park is $1050/mo. No showings until offer is accepted. Photos are Unit 3. Unit 1 & 3 are the same; 2 & 4 are the same, flipflopped. DO NOT DISTURB THE TENANTS. Call Ben with questions.
Details
Maps
Location & Property Info
Cross Streets: Ford and Lafayette
Property Sub-Type: 2 to 4 Units
Area: Wayne County - 100
Municipality: Lincoln Park City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 49x129
Road Frontage: 49
Waterfront: No
Basement: No
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 9
School District: Lincoln Park
Lot Measurement: Acres
Lot Square Footage: 13199
Lot Acres: 0.3
Year Built: 1969
Tax Info
Taxable Value: 80067
SEV: 117500
For Tax Year: 2023
Seller's Annual Property Tax: 5764.86
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: 0
Tax ID #: 45-021-01-0046-002
Remarks & Misc
Public Remarks: Calling all investors! Turnkey, fully occupied 4-unit complex. Each unit is 2 BD, 1 BA. Updates include furnaces, paved driveway, new siding, gutters, downspouts, outside lighting, new 6ft fence in back & updated windows throughout. Unit 2 has updated kitchen w/tenant whose lease expires 7/24. Unit 1 lease expires 10/24. Units 3 & 4 are month to month. Unit 4 tenant has been there since 2018. Unit 3 tenant has been there since 2021. Owners prepaid 2024 fertilization & pay the water bill. Each unit has separate gas & electric hook up. Current rents are below market value. Avg rent for a 2 bedroom in Lincoln Park is $1050/mo. No showings until offer is accepted. Photos are Unit 3. Unit 1 & 3 are the same; 2 & 4 are the same, flipflopped. DO NOT DISTURB THE TENANTS. Call Ben with questions.
Legal: 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
Waterfront Options
Water Access Y/N: No
Income and Expenses
Gross Op. Inc.: 42600
Net Operating Income: 32857
Operating Expense: 9743
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Unit: 1
Laundry Room: 1
Main Level: 1
Exterior Material
Brick: 1
Roofing
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Paved: 1
Substructure
Slab: 1
Extras
Sep Electric Meter: 1
Owner Pays
Water: 1
Unit 1
Unit #: 1
Unit Description: 2 bed 1 bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 2 bed 1 bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 3
Unit #: 3
Unit Description: 2 bed 1 bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
A/C Unit: 1
Garb Disp: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 4
Unit #: 4
Unit Description: W/D is tenant's
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
W/D Hookup: 1
Location Property Info
County: Wayne
Street #: 1505
Street Name: Ford
Suffix: Boulevard
State: MI
Zip Code: 48146
Zip (4): 3961
OfficeContract Info
Status: Pending
Current Price: $424,900
List Price: $424,900
Listing Date: 2024-02-22
Remarks Misc
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.
Status Change Info
Under Contract Date: 2024-02-23
Property Features
Laundry Features: In Unit; Laundry Room; Main Level
Exterior Material: Brick
Roofing: Other
Substructure: Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Natural Gas Available; Public Sewer; Public Water
Extras: Sep Electric Meter
Owner Pays: Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Wall Unit(s)
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: A/C Unit; Garb Disp; Range Oven; Refrigerator; Washer/Dryer
Unit 2: A/C Unit; Garb Disp; Range/Oven; Refrigerator; Washer/Dryer
Unit 3: Range/Oven; A/C Unit; Garb Disp; Refrigerator; Washer/Dryer
Unit 4: A/C Unit; Garb Disp; Range/Oven; Refrigerator; W/D Hookup
Listing Office: Preferred, Realtors Ltd
Listing Agent: Benjamin Cockrum
Last Updated: March - 24 - 2026
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