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Scott Hutchison

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

$ 619,000

Est. payment | -/mo

4 Baths

5,662 Sqft Lot

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$ 619,000

Est. payment | -/mo

Save

4 Baths

5,662 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261073555

Year Built 1916

Annual Tax Amount $11,640

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 55x105

Source Realcomp

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

Zoning Multi-Family

Direction Woodward To 9 Mile, North On Paxton Off 9 Mile To East On Vester, 2nd House On Left

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Vinyl Siding,Wood Siding

Schools

School District Ferndale

Others

Tax ID 2527487016

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Keller Williams Legacy

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

425 Vester Street Ferndale, MI 48220

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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425 Vester Street