Fully Occupied Two-Unit Bungalow — Capital Improvements Updated Ferndale Duplex | Income-Producing Investment
$360,000
1447 Albany Street, Ferndale, MI 48220
1,536 sqft
Building Size
0.14 acres
Lot Area
Details:
Description:
Fully Occupied Two-Unit Investment | Updated & Income-Producing
An excellent opportunity to acquire a fully occupied two-unit bungalow offering immediate rental income and long-term investment potential. Both units feature separate entrances, with the main unit offering 2 bedrooms, 2 full baths and 2 half-baths, and the upper unit offering 2 bedrooms and 1 full bath.
Significant capital improvements include a 2023 roof, furnaces replaced in 2020 and 2024, a 2023 hot water heater, and fully renovated kitchens and bathrooms in both units in 2018. Additional features include a full basement and spacious backyard. Conveniently located just minutes from downtown Ferndale, with easy access to shopping, dining, parks and other amenities.
An income-producing investment with substantial improvements already completed.
Do Not Disturb Tenants.
Documents:
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Offering Memorandum
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Location
Gallery
