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$ 875,000
Est. payment /mo
New
3327 McDowell Ferndale, MI 48220 1140
6 Baths
3,386 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,386 sqft
Price per Sqft $258
Subdivision Mi
MLS Listing ID 61038238
Style 2 Story
Full Baths 3
Half Baths 3
Year Built 2020
Annual Tax Amount $27,033
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60x130
Property Sub-Type Multi-Family
Property Description
An exceptional investment opportunity offering 3 spacious, thoughtfully designed 2-bedroom units in a modern, newer construction (built in 2020), low-maintenance building. Ideally positioned in one of Metro Detroit's most sought-after rental markets, this property allows investors to acquire a stabilized, income-producing asset with strong tenant appeal, predictable operating expenses, and immediate value-add/owner-occupancy potential. This exceptional multi-family opportunity features three identical units, each offering a generous 1,130 square feet of comfortable living space complete with 2 bedrooms and 1.5 bathrooms. Designed for modern convenience, every residence includes a dedicated second-floor laundry room and an oversized single-car private garage ideal for vehicle parking and extra storage. Maintenance is hassle-free thanks to newer construction quality that minimizes near-term capital expenditure requirements. Operating expenses remain predictable and landlord-paid utility burdens are completely eliminated by separately metered gas, electric, and water, while independent furnaces and central air conditioning systems ensure individual comfort control for every home. Foundation lot to the North of this property can be purchased with MLS #20261067860 for a total of $1,000,000. Subject to seller obtaining municipal approval of land spilt and easement for shared driveway. 2/3 units are currently under lease.
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Other
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Slab
Water Public Water
Structure Type Other
Schools
School District Hazel Park 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 KW Domain
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