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$ 225,000
Est. payment /mo
New
617 E Bennett Ave. 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 $144
Subdivision Mi
MLS Listing ID 61039271
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
Ferndale Duplex Investment | Immediate Income with Rental Upside. Excellent opportunity to acquire a fully occupied bungalow-style duplex in Ferndale with immediate rental income and the potential to increase returns through below-market in-place rents. The property features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, offering investors an opportunity to improve cash flow as rents adjust to market levels. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and flooring. Additional highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Conveniently located less than 1.5 miles from downtown Ferndale, with easy access to I-696, shopping, dining, and entertainment. An income-producing duplex with existing occupancy, rental upside, and desirable amenities in an established Oakland County market. Please do not disturb 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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