1529 Silman Street, Ferndale, MI 48220 2615
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1529 Silman Street, Ferndale, MI 48220 2615,Video Tour
1529 Silman Street, Ferndale, MI 48220 2615
1529 Silman Street, Ferndale, MI 48220 2615
1529 Silman Street, Ferndale, MI 48220 2615
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Excel Legacy Realty Team

Excel Legacy Realty Team

+1(586) 598-5988
$ 314,900
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1529 Silman Street Ferndale, MI 48220 2615

2 Baths

1,538 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,538 sqft

Price per Sqft $204

Subdivision Mi

MLS Listing ID 61000314

Style 2 Story

Full Baths 2

Year Built 1923

Annual Tax Amount $8,640

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 45X107.5

Property Sub-Type Multi-Family

Property Description

Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income. The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income. The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants. Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment. Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio. Schedule your private tour! Lower unit is currently leased for $1725 and is for a 1 year term May 2026 through April 2027 Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027

Location

State MI

County Oakland

Area Ferndale (63258)

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick, Vinyl Siding

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick,Vinyl Siding

Schools

School District Hazel Park City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

Virtual Tour https://www.zillow.com/view-imx/fb35a2e0-90e3-4ffc-950c-77ad9ff77614?initialViewType=pano

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Anthony Djon Luxury Real Estate

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1529 Silman Street