Fantastic investment opportunity to own a duplex located in the highly sought after city of Ferndale. Building offers great opportunities from a first-time home buyer who can live in one unit and rent out the other or any investor to add to their portfolio and own in a fantastic and… Read More quickly growing community. Each unit is 2 bedrooms 1 full bathroom. First floor offers a beautiful covered front porch perfect for enjoying the wonderful summer and fall weather Michigan has to offer with spacious living room that flows directly into the dining room and kitchen. Upstairs has been nicely renovated and boasts a very nice open concept floor plan making the unit feel far bigger. Each unit has separate entrances and the building sits on a larger lot with extended driveway offering tenants off street parking adding perks to obtaining higher rent. Situated just steps from the award-winning night life and restaurants Ferndale has to offer on Woodward Ave plus just a quick drive to the awesome city of Royal Oak. This multifamily is a can't lose investment for any purchaser. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Jim Saros Real Estate Services, (313) 886-9030
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multifamily
Square Ft.
1,244
Lot Size
0.14 Acres
Year Built
1924
MLS Number
20251024767
30 Days Snapshot Of 48220
$206k
-9%
(avg) sold price
48
-12%
homes sold
40
-9%
(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, 2 two-bedroom units, Built in 1924, Architectural style: Bungalow, Aluminum, 1,244 total square feet, 1,244 combined square feet, 829 total basement square feet, Unit count: 2
Cooling
Central Air
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Other
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.14, Lot size dimensions: 50X125
Miscellaneous
Gross scheduled income: $27,600, Income projection: Projected, Monthly rental income: $2,300, Net operating income: $18,891
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