TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate… Read More rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify allLower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Preferred, Realtors Ltd, (734) 459-6000
Listing Snapshot
Days Online
37
Last Updated
Property Type
Multifamily
Lot Size
0.04 Acres
Year Built
1925
MLS Number
81026038927
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
Basement
Basement?: 1
Building
2 total units, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1925, Aluminum, Unit count: 2
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.04, Lot size dimensions: 0
Parking
2 parking spaces
Property
Property type: Multifamily
Taxes
Tax amount (summer): $0
Sewer
Sewer (Sewer-Sanitary)
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