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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 1,000,000

Est. payment | -/mo

2 Baths

9,583 Sqft Lot

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$ 1,000,000

Est. payment | -/mo

Save

2 Baths

9,583 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261069139

Year Built 1955

Annual Tax Amount $5,349

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 38 x 255

Source Realcomp

Property Description

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

Location

State MI

County Oakland

Zoning Residential

Direction South on Laprairie from Marshall

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Brick

Schools

School District Ferndale

Others

Tax ID 2534328037

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX First

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI 49341, United States

538 Laprairie Street Ferndale, MI 48220

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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538 Laprairie Street