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242 W Webster St, Ferndale, MI 48220

$408,000
: 2
BA
: 1,860
SqFt

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Sold Price: $408,000
List Price: $427,500
Closing Date: Oct 31, 2025
MLS#: 20251024095
Status: CLOSED
Bathrooms: 2
Subdivision: ADOLPH SLOMANS WOODWARD BLVD

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Property Description

Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.

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Additional Information

Year Built: 1926
Basement Type: Private, Unfinished
Acres: 0.10
Style: Colonial, Duplex
Acres: 0.10
School District: Ferndale
Heating: Forced Air, Natural Gas