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$375,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261083917
Year Built 1929
Annual Tax Amount $9,645
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X131.5
Source Realcomp
Property Description
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.
Location
State MI
County Oakland
Zoning Multi-Family,Residential
Direction North on Woodward, East on Cambourne to property
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Stucco
Schools
School District Ferndale
Others
Tax ID 2527452014
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition {"Other":true}
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Listed by CJR Realty
NEARBY SCHOOLS & PROPERTIES
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