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Lambrecht Realty
400 E Cambourne St, Ferndale, MI 48220
- $375,000
- 2
- BA
- 2,000
- SqFt
- List Price
- $375,000
- MLS#
- 20261083917
- Status
- ACTIVE
- Bathrooms
- 2
- Subdivision
- ASTONSOF KNOWLES HEIGHTS
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.
Additional Information
- Year Built
- 1929
- Basement Type
- Common, Interior Entry, Unfinished
- Acres
- 0.09
- Lot Dimensions
- 30X131.5
- Style
- Colonial, Tudor
- Acres
- 0.09
- School District
- Ferndale
- Heating
- Forced Air, Natural Gas
Mortgage Calculator
Courtesy of CJR Realty 3132133842