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Mike Himes

mhimes.remax@gmail.com +1(517) 617-8911

$ 250,000

Est. payment | -/mo

3 Baths

5,227 Sqft Lot

Save

$ 250,000

Est. payment | -/mo

Save

3 Baths

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261057355

Year Built 1925

Annual Tax Amount $7,405

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 50X105

Source Realcomp

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

Zoning Residential

Direction Woodward Ave north of 8 Mile Rd, head east on Chesterfield, right at Hilton, left to continue on Chesterfield to right on Fair Street to right on Bennett Ave.

Interior

Heating Forced Air

Exterior

View Y/N No

Roof Type Composition

Building

Water Public

Structure Type Wood Siding

Schools

School District Ferndale

Others

Tax ID 2535354035

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Forward Commercial Group

Nearby Locations

GET MORE INFORMATION

Mike Himes

Associate Broker | Lic# 501408694

mhimes.remax@gmail.com

+1(517) 617-8911

26078 W US12 Sturgis MI 49091

617 E Bennett Avenue Ferndale, MI 48220

Mike Himes

Key Details

Location

Interior

Exterior

Building

Schools

Others

617 E Bennett Avenue