Ferndale, MI 48220
MLS# 20261069139
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 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.
Listed by Keith Weber · RE/MAX First
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$5,057/mo
$200,000 down · $800,000 financed
Loading similar listings…
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
15 photosActive544 Laprairie Street, Ferndale, MI 48220
Ferndale, MI 48220
— bd · 2 ba · —
15 photosActive552 Laprairie Street, Ferndale, MI 48220
Ferndale, MI 48220
— bd · 2 ba · —
72 photosActive657 W Drayton Street, Ferndale, MI 48220
Ferndale, MI 48220
4 bd · 4 ba · 2,948 sqft