Income generating Ferndale duplex within walking distance to downtown! This is a perfect opportunity to live in one unit while renting out the other, or lease out both units for maximum income generating potential. Currently rental certified through the city until 7/3/26. Units are separately metered for gas and electric,… Read More with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently vacant, but was recently rented out at $1,100/month. Lower unit has had the same tenant for around 30 years, currently paying $1600/month plus $25/month for cat rent with existing lease in place until January 2028, with rent increase built in to current agreement to $1650/month plus cat fee in February 2026 and to $1700/month plus cat fee in February 2027. Lower unit has full access to the backyard, driveway, basement, and garage. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Brookstone, Realtors LLC, (248) 963-0505
Listing Snapshot
Days Online
20
Last Updated
Property Type
Multifamily
Square Ft.
1,416
Lot Size
0.18 Acres
Year Built
1937
MLS Number
20251018932
30 Days Snapshot Of 48220
$200k
-11%
(avg) sold price
43
-20%
homes sold
41
-6%
(avg) days on market
Snapshot
Area Map
Source: Home Junction
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 1 leased unit, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1937, Architectural style: Bungalow, Duplex, Vinyl, 1,416 total square feet, 1,416 combined square feet, 944 total basement square feet, Unit count: 2
Cooling
Window Unit(s)
Exterior Features
Fenced
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.18, Lot size dimensions: 60X131.5
Miscellaneous
Gross scheduled income: $19,500, Income projection: Actual, Monthly rental income: $1,625, Net operating income: $19,500
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