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$ 460,000
Est. payment /mo
Active
242 W Webster Street Ferndale, MI 48220
2 Baths
4,356 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 20251024095
Year Built 1926
Annual Tax Amount $13,896
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X122
Source Realcomp
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. hottest rental markets! Owner is a licensed agent.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Residential
Direction West On Webster Off Of Woodward
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Ferndale
Others
Tax ID 2534452047
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Good Company