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$875,000
Est. payment /mo
6 Baths
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261067860
Year Built 2020
Annual Tax Amount $27,033
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60x130
Source Realcomp
Property Description
An exceptional investment opportunity offering 3 spacious, thoughtfully designed 2-bedroom units in a modern, newer construction (built in 2020), low-maintenance building. Ideally positioned in one of Metro Detroit's most sought-after rental markets, this property allows investors to acquire a stabilized, income-producing asset with strong tenant appeal, predictable operating expenses, and immediate value-add/owner-occupancy potential.This exceptional multi-family opportunity features three identical units, each offering a generous 1,130 square feet of comfortable living space complete with 2 bedrooms and 1.5 bathrooms. Designed for modern convenience, every residence includes a dedicated second-floor laundry room and an oversized single-car private garage ideal for vehicle parking and extra storage.Maintenance is hassle-free thanks to newer construction quality that minimizes near-term capital expenditure requirements. Operating expenses remain predictable and landlord-paid utility burdens are completely eliminated by separately metered gas, electric, and water, while independent furnaces and central air conditioning systems ensure individual comfort control for every home.Foundation lot to the North of this property can be purchased with MLS #20261067860 for a total of $1,000,000. Subject to seller obtaining municipal approval of land spilt and easement for shared driveway.2/3 units are currently under lease.
Location
State MI
County Oakland
Zoning Residential
Direction 10 Mile east of Hilton, South on McDowell and building is on the West side of the road
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Other
Schools
School District Hazel Park
Others
Tax ID 2526101020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by KW Domain
Nearby School & Business
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