Fully Occupied Ferndale Duplex — Below-Market Rents Ferndale DuplexImmediate Income & Rental Upside
$225,000
617 East Bennett Street, Ferndale, MI 48220
1,600 sqft
Building Size
0.12 sqft
Lot Area
Details:
Description:
Ferndale Duplex Investment | Immediate Income with Rental Upside. Excellent opportunity to acquire a fully occupied bungalow-style duplex in Ferndale with immediate rental income and the potential to increase returns through below-market in-place rents.
The property features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, offering investors an opportunity to improve cash flow as rents adjust to market levels. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and flooring. Additional highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage.
Conveniently located less than 1.5 miles from downtown Ferndale, with easy access to I-696, shopping, dining, and entertainment. An income-producing duplex with existing occupancy, rental upside, and desirable amenities in an established Oakland County market.
Please do not disturb tenants.
Documents:
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Offering Memorandum
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Location
Gallery
