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Ferndale,MI 48220
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20251018932
HOA Y/N true
Year Built 1937
Annual Tax Amount $10,213
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60X131.5
Source Realcomp
Property Description
Attention! Back on market and fully leased out with two great tenants! Income generating Ferndale duplex within walking distance to downtown! Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently rented at $1,100/month through August 2026. Lower unit has had the same tenant for around 30 years, currently paying $1625/month with existing lease in place until January 2028, with rent increases built in to current agreement to $1675/month in February 2026 and to $1725/month in February 2027. Lower unit currently has full access to the backyard, basement, and garage. Fully rental certified, and inspection with city is good through July 2026.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Residential
Direction North of 9 Mile Rd, east of Woodward
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Ferndale
Others
Tax ID 2527452013
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA