Welcome to this beautifully maintained two-unit duplex, ideal for both owner-occupants and investors. Live in one unit while renting the other, or rent both for strong cash flow. The property generates $2,800/month in total rental income — the upper unit rents for $1,150 (lease through November 2025) and the lower unit rents for $1,650 (lease through May 2026). This clean, thoroughly updated, and fully occupied duplex features newer siding and windows, newly installed A/C units in both apartments, fresh hardwood floors, new vinyl flooring, and a remodeled lower-level bathroom. Each unit offers two bedrooms plus a spacious den, which can easily be used as a third sleeping area with a rolling closet. The entry-level unit includes a large covered front porch, while the upper unit features an enclosed private covered landing. The home also offers a full basement with shared washer and dryer, along with ample storage space. Outside, enjoy a large private backyard, fenced on three sides. Utilities are shared. A solid investment with excellent income potential and flexible living options.
Listed By
Agency Name: EXP Realty Main
Agency Phone: (888) 501-7085
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 1,853.31 per month $1,761.46 Principal & Interest $0.00 Property Tax (data not provided by mls) $91.85 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
1529 Silman Street | MLS# 20261023151
This multi-family property located at 1529 Silman Street, Ferndale, MI 48220 is currently listed for sale with an asking price of $314,900. Silman Street is located within the Hazel Park school district. Search Ferndale real estate on www.ikeyrealty.com today.