UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $418
Subdivision Woodward Heights Sub - Rochester
MLS Listing ID 20261011979
Style Duplex,Ranch
Full Baths 4
Year Built 1942
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type MultiFamily
Property Description
Each renovated unit boasts one bedroom and two full bathrooms, providing ample space and comfort. The property currently generates aprox $3,800 per month in gross income combined from both units. Please note that each unit requires a minimum stay of 27 days, as mandated by the city of Rochester for Airbnb use. The following appliances are included with the property: refrigerators, stoves, and washers and dryers (in each unit).This unique property offers various opportunities, including continuing its successful rental income stream, living in one unit while renting the other, or considering a teardown and rebuild to create a new residential home. Please note that the property is furnished; however, furniture is not included in the sale. With homes in the neighborhood experiencing exceptionally high values, this property is an excellent investment opportunity. Don't miss out on the potential that 141-143 Ferndale Ave has to offer! Property is non homestead.
Location
State MI
County Oakland
Area Area02152Rochester
Rooms
Basement Finished, Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Exterior Feature Lighting
Parking Features Paved
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Rochester
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
Nearby Locations
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