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About the Listing 105157 - RC364941,RC386419
Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income. The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income. The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants. Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment. Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio. Schedule your private tour! Lower unit is currently leased for $1725 and is for a 1 year term May 2026 through April 2027 Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
61000314
Year Built
1923
Total Square Footage
1,538
Lot/Acreage
0.11
County
Oakland
Neighborhood
Ford Heights- Ferndale
Area
Ferndale (63258)
School District
Hazel Park City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1538
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 45X107.5
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $8,640
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1529 Silman Ferndale, MI 48220
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