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1447 Albany Street

Ferndale, MI 48220
Square Ft.
1,600
Active
Multifamily
Property Photo
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$360,000
Fully occupied two-unit bungalow offering immediate cash flow and outstanding long-term investment potential. This well-maintained property features numerous recent updates, including both furnaces (2024), roof (2023), one hot water heater (2023), and a complete gut renovated of both kitchens and all bathrooms (2018). The main unit offer 2 bedrooms, 2… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of Forward Commercial Group, (248) 662-5066
Listing Snapshot
Days Online
37
Last Updated
Property Type
Multifamily
Square Ft.
1,600
Lot Size
0.14 Acres
Year Built
1924
MLS Number
20261058108
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
Partially Finished, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1924, Remodelled in 2018, Architectural style: Bungalow, Upper/Lower Apartment, Aluminum, Vinyl, 1,600 total square feet, 2,400 combined square feet, 800 lower floor square feet, 910 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: 0.14, Lot size dimensions: 50X125
Miscellaneous
Gross scheduled income: $35,700, Income projection: Actual, Monthly rental income: $2,975, Net operating income: $25,700, Operating expense: $10,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $4,357, Tax amount (winter): $133
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.