1529 Silman Street, Ferndale, MI 48220

About this property

Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income.The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income.The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants.Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment.Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio.Schedule your private tour!Lower unit is currently leased for $1725 and is for a 1 year termMay 2026 through April 2027Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027

Interior

Heating

Forced Air

Fireplace

Yes

Exterior & construction

Construction

Brick, Vinyl Siding

Lot size

4,791.6 sq ft

Lot dimensions

45X107.5

Subdivision

Ferndale City

New construction

Yes

Utilities

Water source

Public

Financial

Annual tax

$8,640

Location

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