26
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$359,000
Est. payment /mo
2 Baths
1,500 SqFt
Active
967 Alberta Street Ferndale, MI 48220 1626
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $239
Subdivision Mi
MLS Listing ID 61003133
Style 2 Story
Full Baths 2
Year Built 1922
Annual Tax Amount $7,079
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 35X145
Property Sub-Type Multi-Family
Property Description
Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents from scratch. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, and stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities!
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Brick, Vinyl Siding
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District Ferndale City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by DOBI Real Estate
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