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$619,000
Est. payment /mo
4 Baths
1,866 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,866 sqft
Price per Sqft $331
Subdivision Urbanrest
MLS Listing ID 20261073555
Style Other,Raised Ranch
Full Baths 4
Year Built 1916
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type MultiFamily
Property Description
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
Location
State MI
County Oakland
Area Area02258Ferndale
Rooms
Basement Finished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ferndale
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
Pets Allowed No
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Listed by Nick Jaafar of Keller Williams Legacy
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