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$ 225,000
Est. payment /mo
New
617 E Bennett Ave. Avenue Ferndale, MI 48220
3 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261083850
Year Built 1925
Annual Tax Amount $7,405
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50X105
Source Realcomp
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
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
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