28
See all 28 photos
$455,000
Est. payment /mo
2 Baths
1,860 SqFt
Price Dropped by $5K
242 W Webster Street Ferndale, MI 48220 3238
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,860 sqft
Price per Sqft $244
Subdivision Mi
MLS Listing ID 60925007
Style 2 Story
Full Baths 2
Year Built 1926
Annual Tax Amount $13,896
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X122
Property Sub-Type Multi-Family
Property Description
Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Ferndale City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Good Company