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$ 375,000
Est. payment /mo
New
400 E Cambourne Street Ferndale, MI 48220 1394
2 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $187
Subdivision Mi
MLS Listing ID 61039356
Style 2 Story
Full Baths 2
Year Built 1929
Annual Tax Amount $9,645
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X131.5
Property Sub-Type Multi-Family
Property Description
Fully occupied 2 unit investment property. Updated and income producing from day one! This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife! Rents can be increased to market rates for an increase in income. There is a common hallway and basement. All utilities except water are separated out. Property has been certified with Ferndale consistently as a rental. Capital improvements made by current owner are: Secure Garage to current codes (old grandfathered in large garage) Installed central AC Sewer lines upgraded to PVC House hack and live in 1 unit renting the other to cover a majority of the mortgage. Current taxes are non homestead. Please note that this property has no driveway. Do not approach property or disturb current tenants!!! Listing agent is part of the ownership of listing.
Location
State MI
County Oakland
Area Ferndale (63258)
Rooms
Basement Block, Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Ferndale City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by CJR Realty
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