425 Vester Street, Ferndale, MI 48220
425 Vester Street, Ferndale, MI 48220
425 Vester Street, Ferndale, MI 48220
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$619,000
Est. payment /mo
4 Baths
5,662 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261073555

Year Built 1916

Annual Tax Amount $11,640

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 55x105

Source Realcomp

Property Description

The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!

Location

State MI

County Oakland

Zoning Multi-Family

Direction Woodward To 9 Mile, North On Paxton Off 9 Mile To East On Vester, 2nd House On Left

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Vinyl Siding,Wood Siding

Schools

School District Ferndale

Others

Tax ID 2527487016

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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Listed by Keller Williams Legacy

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker License ID: 6502389085

Broker License ID: 6502389085

Name

Name

Phone*

Phone

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