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617 E Bennett Avenue

Ferndale, MI 48220
Square Ft.
1,559
Active
Multifamily
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$225,000
Excellent investment opportunity in Ferndale! This fully occupied bungalow-style duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents.The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of Forward Commercial Group, (248) 662-5066
Listing Snapshot
Days Online
10
Last Updated
Property Type
Multifamily
Square Ft.
1,559
Lot Size
0.12 Acres
Year Built
1925
MLS Number
20261067536
30 Days Snapshot Of 48220
$224k
-10%
(avg) sold price
51
-5%
homes sold
51
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Partially Finished, Basement?: 1
Building
2 total units, 2 leased units, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1925, Remodelled in 2016, Architectural style: Bungalow, Upper/Lower Apartment, Wood, 1,559 total square feet, 2,259 combined square feet, 700 lower floor square feet, 891 total basement square feet, Unit count: 2
Exterior Features
Chimney Cap(s)
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.12, Lot size dimensions: 50X105
Miscellaneous
Gross scheduled income: $23,400, Income projection: Actual, Monthly rental income: $1,950, Net operating income: $12,400, Operating expense: $11,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $7,186, Tax amount (winter): $219
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.