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2-Unit, Fully Occupied Bungalow Close to Downtown Ferndale

$360,000

1447 Albany Street, Ferndale, MI 48220

Active
Last Updated: 08/19/2026

2

Units

1924

Year Built

Details:
Units:    2
Year Built:    1924
Roof:    2023
HVAC:    2024
Floor:    1.5
Investment Strategy:    Value Add
Description:

Fully occupied two-unit bungalow offering immediate cash flor and outstanding long-term investment potential. This well-maintained property features numerous recent updates, including both furnaces (2024), roof (2023), one hot water heater (2023), and a complete gut renovated of both kitchens and all bathrooms (2018). The main unit offer 2 bedrooms, 2 full baths, 2 half-baths, while the upper unit offers 2 beds and 1 bath. Additional highlights include a full basement, a spacious backyard, and separate entrances that appeal to long-term tenants. A turnkey investment opportunity with proven rental history, conveniently located just minutes from downtown Ferndale and close to shopping, dining, parks, and major amenities.
Do not disturb tenants.

Map:
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