Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.The story starts in the… Read More center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX First, (248) 375-4000
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
1,647
Lot Size
0.22 Acres
Year Built
1926
MLS Number
20261069204
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, Pub. Sidewalk
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 leased units, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1926, Architectural style: Bungalow, Brick Veneer, 1,647 total square feet, 1,647 combined square feet, 941 total basement square feet, Unit count: 2
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