Ferndale, MI 48220
MLS# 20261073432
Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities!
Listed by Alexandra I Lannen · DOBI Real Estate
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,664/mo
$65,800 down · $263,200 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.
32 photosActive1357 Northway Street, Ferndale, MI 48220
Ferndale, MI 48220
3 bd · 1 ba · 1,000 sqft
39 photosActive731 Spencer Street, Ferndale, MI 48220
Ferndale, MI 48220
5 bd · 3 ba · 1,922 sqft
46 photosActive2441 Coy Street, Ferndale, MI 48220
Ferndale, MI 48220
3 bd · 2 ba · 1,650 sqft