Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents from scratch. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers… Read More 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, and stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of DOBI Real Estate, (248) 385-3350
Listing Snapshot
Days Online
41
Last Updated
Property Type
Multifamily
Square Ft.
1,500
Lot Size
0.12 Acres
Year Built
1922
MLS Number
20261057181
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, Basement?: 1
Building
2 total units, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1922, Architectural style: Duplex, Brick, Vinyl, 1,500 total square feet, 1,500 combined square feet, 894 total basement square feet, Unit count: 2
Cooling
Central Air
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.12, Lot size dimensions: 35X145
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $0, Net operating income: $0
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