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$ 250,000
Est. payment /mo
New
617 E Bennett Avenue Ferndale, MI 48220 3523
3 Baths
1,559 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,559 sqft
Price per Sqft $160
Subdivision Mi
MLS Listing ID 61014316
Style 2 Story
Full Baths 2
Half Baths 1
Year Built 1925
Annual Tax Amount $7,405
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50X105
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity in Ferndale! This fully occupied bungalow-style upper and lower duplex features a lower unit with 2 bedrooms and 1 bathroom and an upper unit with 1 bedroom and 1 bathroom, providing immediate in-place rental income. The upper unit includes an updated kitchen and bathroom with stainless steel appliances, updated cabinetry, and updated flooring. Additional features include a gas fireplace in the lower unit, basement with laundry, a half bath, and generous storage space. Outside, the property offers a fenced backyard, large rear deck, covered front porch, and a detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Conveniently located less than 1.5 miles from downtown Ferndale with easy access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. The asset also presents a compelling value-add opportunity through below-market in-place rents, offering investors the ability to increase revenue over time while benefiting from continued demand in an established Oakland County submarket. Please do not disturb the tenants.
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Rooms
Basement Poured, Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Wood
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Wood
Schools
School District Ferndale City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Forward Commercial Group
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