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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 330,000

Est. payment | -/mo

1 Bath

1,626 Sqft Lot

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$ 330,000

Est. payment | -/mo

Save

1 Bath

1,626 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

MLS Listing ID 26038927

Year Built 1925

Tax Year 2025

Lot Size 1,626 Sqft

Acres 0.04

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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 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 all Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached. Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.

Location

State MI

County Oakland

Rooms

Basement Other

Interior

Heating Forced Air

Laundry In Basement

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 2

Building

Structure Type Aluminum Siding

New Construction No

Schools

School District Ferndale

Others

Tax ID 25-27-326-027

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Preferred, Realtors Ltd

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: > Richard Stewart is the Principal Broker of REO Specialists, L.L.C. and an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

217 E Drayton Street Ferndale, MI 48220