Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add… Read More to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Good Company, (248) 733-5811
Listing Snapshot
Days Online
7
Last Updated
Property Type
Multifamily
Square Ft.
1,860
Lot Size
0.1 Acres
Year Built
1926
MLS Number
20251024095
30 Days Snapshot Of 48220
$200k
-8%
(avg) sold price
43
-24%
homes sold
41
-4%
(avg) days on market
Snapshot
Area Map
Source: Home Junction
Additional Details
Property Access
Paved
Basement
Unfinished, Private, Basement?: 1
Building
2 total units, 1 leased unit, 2 two-bedroom units, Built in 1926, Architectural style: Colonial, Duplex, Brick, 1,860 total square feet, 1,860 combined square feet, 930 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.10, Lot size dimensions: 35X122
Miscellaneous
Gross scheduled income: $50,000, Income projection: Actual, Monthly rental income: $1,930, Net operating income: $46,000
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