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About the Listing 112309 - MR812617
TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
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- Heating: Forced Air
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Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 0
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- Parking Features: Additional Garage(s)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
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Monthly Payment
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217 E Drayton Ferndale, MI 48220
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