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392 E Cambourne St, Ferndale, MI 48220

$271,000
: 3
BA
: 1,416
SqFt

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Sold Price: $271,000
List Price: $270,000
Closing Date: Oct 27, 2025
MLS#: 20251018932
Status: CLOSED
Bathrooms: 3
Subdivision: ASTONSOF KNOWLES HEIGHTS

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Property Description

Attention! Back on market and fully leased out with two great tenants! Income generating Ferndale duplex within walking distance to downtown! Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently rented at $1,100/month through August 2026. Lower unit has had the same tenant for around 30 years, currently paying $1625/month with existing lease in place until January 2028, with rent increases built in to current agreement to $1675/month in February 2026 and to $1725/month in February 2027. Lower unit currently has full access to the backyard, basement, and garage. Fully rental certified, and inspection with city is good through July 2026.

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Additional Information

Year Built: 1937
Basement Type: Full, Unfinished
Acres: 0.18
Style: Bungalow, Duplex
Acres: 0.18
School District: Ferndale
Cooling: Window/Wall
Heating: Forced Air, Natural Gas
Garage Description: Garage