425 Vester Street, Ferndale, MI 48220 2890
- $619,000
- 4
- BA
- 1,866
- SqFt
- List Price
- $619,000
- Status
- ACTIVE
- MLS#
- 61029565
- Days on Market
- 1
- Style
- Raised Ranch
- Year Built
- 1916
- Bathrooms
- 4
- Acres
- 0.13
- Living Area
- 1,866
- Municipality
- Ferndale
- Region
- Ferndale
- Township
- Ferndale
- Subdivision
- Urbanrest
Property Description
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
/u.realgeeks.media/hrghi/HamadyRobinson_StackedLogo_(1).jpg)
Additional Information
- Lot Dimensions
- 55 x 105
- Heating
- Forced Air
- Basement
- Yes
- Basement Description
- Block, Finished
- Foundation
- Basement
- Water
- Public
- School District
- Ferndale City School District
Mortgage Calculator
Listing Courtesy of Keller Williams Legacy, Office Phone: 313-752-0000
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.