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351 Edgewood Place Ferndale, MI 48220
3 Baths
1,972 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,972 sqft
Price per Sqft $202
Subdivision Mi
MLS Listing ID 60998960
Full Baths 3
Year Built 1925
Annual Tax Amount $7,676
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X121.3
Property Sub-Type Multi-Family
Property Description
Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is currently vacant after a long-term tenant. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Rooms
Basement Block, Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Cedar, Vinyl Siding
Amenities Available Laundry Facility
Building
Foundation Basement
Water Public Water
Structure Type Cedar,Vinyl Siding
Schools
School District Ferndale City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by The Stephan Group
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