New Price! 2-Unit Bungalow-Style Duplex Near Downtown Ferndale
$225,000
617 East Bennett Street, Ferndale, MI 48220
1,600 sqft
Building Size
0.12 sqft
Lot Area
Details:
Description:
Excellent investment opportunity in Ferndale! This fully occupied bungalow-style duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents.
The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and updated flooring. Additional property highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, plus a fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street.
Located less than 1.5 miles from downtown Ferndale with convenient access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. An established Oakland County location, strong rental demand, and below-market rents make this an attractive opportunity for investors seeking immediate cash flow with future upside.
Can be purchased separately fro $225,000 or with another 2-unit rental in Ferndale listed Ferndale for $585,000 together (1447 Albany St.).
Please do not disturb the tenants.
Documents:
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Offering Memorandum
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Location
Gallery
