Welcome to one of the best blocks in Ferndale - where charm, community, and convenience come together in a city known for its vibrant energy and eclectic spirit. Ferndale is for fun, and this fantastic multi-family property places you right in the heart of it all. Just steps from downtown,… Read More with its local shops, dining, coffeehouses, and nightlife, this home is an ideal opportunity for both savvy investors and owner-occupants alike. Both leases are up this Fall. The second floor tenant pays $1,100 and may want to renew. The property features numerous updates for modern living, including newer windows, roof, and furnace. The interiors have been freshly painted, and the lower unit's updated kitchen shines with quartz countertops and a clean, contemporary feel. Central air conditioning ensures comfort during warm summer months, while a newer front porch adds welcoming curb appeal. Whether you're looking for dual-rental income, multigenerational living, or want to convert the property into a spacious single-family home with an upstairs primary suite, this home offers versatile possibilities. The partially finished basement includes a separate room that can be used for storage, office space, or additional living area. Special added features include a carport, garden boxes, storage shed, and all appliances round out the list of thoughtful extras. Licensed as a rental with the City of Ferndale, this property is a turnkey income generator in one of Metro Detroit's most sought-after and walkable communities. Don't miss your chance to own a well-appointed, flexible-use home in a location that truly has it all. Schedule your private showing today and see how fun and functional Ferndale living can be. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Real Broker Berkley, (248) 224-1013
Listing Snapshot
Days Online
12
Last Updated
Property Type
Multifamily
Square Ft.
1,334
Lot Size
0.12 Acres
Year Built
1924
MLS Number
20251020081
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
Garage
Garage?: 1
Property Access
Paved, Pub. Sidewalk
Basement
Partially Finished, Basement?: 1
Building
2 total units, 2 leased units, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1924, Remodelled in 2023, Architectural style: Bungalow, Aluminum, Vinyl, 1,334 total square feet, 1,484 combined square feet, 150 lower floor square feet, 876 total basement square feet, Unit count: 2
Cooling
Central Air
Exterior Features
Lighting, Fenced
Fireplaces
Fireplace?: 0
Foundation
Basement
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Cable Available, Circuit Breakers, Laundry Facility, High Spd Internet Avail
Lot
Lot size area: 0.12, Lot size dimensions: 45.29X114.6
Miscellaneous
Gross scheduled income: $36,960, Income projection: Actual, Monthly rental income: $3,080, Net operating income: $30,960
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