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$ 619,000
Est. payment /mo
New
425 Vester Street Ferndale, MI 48220 2890
4 Baths
1,866 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,866 sqft
Price per Sqft $331
Subdivision Mi
MLS Listing ID 61029565
Full Baths 4
Year Built 1916
Annual Tax Amount $11,640
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 55x105
Property Sub-Type Multi-Family
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
Area Ferndale (63258)
Zoning Multi-Family
Rooms
Basement Block, Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Vinyl Siding, Wood
Building
Foundation Basement
Water Public Water
Structure Type Vinyl Siding,Wood
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 Keller Williams Legacy
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