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351 Edgewood Place

Ferndale, MI 48220
Square Ft.
1,972
Active
Multifamily
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$400,000
Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity.The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of The Stephan Group, (248) 590-2067
Listing Snapshot
Days Online
91
Last Updated
Property Type
Multifamily
Square Ft.
1,972
Lot Size
0.1 Acres
Year Built
1925
MLS Number
20261040998
30 Days Snapshot Of 48220
$225k
-11%
(avg) sold price
52
0%
homes sold
51
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Common Storage Locker, Common, Basement?: 1
Building
2 total units, 1 two-bedroom unit, 1 three-bedroom unit, Built in 1925, Remodelled in 2020, Architectural style: Upper/Lower Apartment, Cedar, Vinyl, 1,972 total square feet, 1,972 combined square feet, 975 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.10, Lot size dimensions: 35X121.3
Miscellaneous
Gross scheduled income: $44,400, Income projection: Projected, Monthly rental income: $3,700, Net operating income: $44,400
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $7,421, Tax amount (winter): $255
Sewer
Sewer (Sewer-Sanitary)
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Monthly Payment
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GEM Realty & Development
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Schools In The Area

Check out nearby schools with ratings and contact info.
Roosevelt Primary School 248-548-1950 Public KG-2
John F. Kennedy Elementary School 248-547-0880 Public 3-5
Ferndale Middle School 248-541-1783 Public 6-8
Ferndale High School 248-548-8622 Public 9-12
Roosevelt Primary School 248-548-1950 Public KG-2
Roosevelt Primary School 248-548-1950 Public KG-2
John F. Kennedy Elementary School 248-547-0880 Public 3-5
Ferndale Middle School 248-541-1783 Public 6-8
Ferndale High School 248-548-8622 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via GEM Realty & Development and Gregory Morad, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via GEM Realty & Development and Gregory Morad, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.