Ferndale, MI 48220
MLS# 20261083917
Fully occupied 2 unit investment property. Updated and income producing from day one!This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife!Rents can be increased to market rates for an increase in income.There is a common hallway and basement.All utilities except water are separated out.Property has been certified with Ferndale consistently as a rental.Capital improvements made by current owner are:Secure Garage to current codes (old grandfathered in large garage)Installed central ACSewer lines upgraded to PVCHouse hack and live in 1 unit renting the other to cover a majority of the mortgage.Current taxes are non homestead.Please note that this property has no driveway.Do not approach property or disturb current tenants!!!Listing agent is part of the ownership of listing.
Listed by Christopher Stearns · CJR Realty
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,866/mo
$73,800 down · $295,200 financed
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