12
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$225,000
Est. payment /mo
3 Baths
1,559 SqFt
New
617 E Bennett Avenue Ferndale, MI 48220 3523
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,559 sqft
Price per Sqft $144
Subdivision Mi
MLS Listing ID 61023950
Style 2 Story
Full Baths 2
Half Baths 1
Year Built 1925
Annual Tax Amount $7,405
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50X105
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity in Ferndale! This fully occupied bungalow-style duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and updated flooring. Additional property highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, plus a fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Located less than 1.5 miles from downtown Ferndale with convenient access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. An established Oakland County location, strong rental demand, and below-market rents make this an attractive opportunity for investors seeking immediate cash flow with future upside. Please do not disturb the tenants.
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Rooms
Basement Poured, Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Wood
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Wood
Schools
School District Ferndale City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Forward Commercial Group
NEARBY SCHOOL & BUSINESS
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