400 E Cambourne Street, Ferndale, MI 48220
400 E Cambourne Street, Ferndale, MI 48220
400 E Cambourne Street, Ferndale, MI 48220
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$375,000
Est. payment /mo
2 Baths
3,920 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 20261083917

Year Built 1929

Annual Tax Amount $9,645

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 30X131.5

Source Realcomp

Property Description

Fully occupied 2 unit investment property. Updated and income producing from day one!This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife!Rents can be increased to market rates for an increase in income.There is a common hallway and basement.All utilities except water are separated out.Property has been certified with Ferndale consistently as a rental.Capital improvements made by current owner are:Secure Garage to current codes (old grandfathered in large garage)Installed central ACSewer lines upgraded to PVCHouse hack and live in 1 unit renting the other to cover a majority of the mortgage.Current taxes are non homestead.Please note that this property has no driveway.Do not approach property or disturb current tenants!!!Listing agent is part of the ownership of listing.

Location

State MI

County Oakland

Zoning Multi-Family,Residential

Direction North on Woodward, East on Cambourne to property

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Brick,Stucco

Schools

School District Ferndale

Others

Tax ID 2527452014

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition {"Other":true}

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Listed by CJR Realty

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker License ID: 6502389085

Broker License ID: 6502389085

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Name

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