BEDS0
BATHS4 full
SQUARE FEET2,773
MLS#20261073555
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONU R B A N R E S T
SCHOOLFerndale
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Heating: Forced Air, Natural Gas
Home Style: Other, Raised Ranch
Lot Size: 0.13 Acres
Stories: 3.0
Taxes: $11,640
Year Built: 1916
Feature Descriptions
Days on Site: 24
Exterior: Vinyl Siding, Wood Siding
Lot Dimensions: 55x105
Parcel#: 2527487016
Pets Allowed: No
Sewer: Public Sewer
Summer Tax: 11321
Units: 4
Water: Public
Winter Tax: 319
Local Schools
School District: Ferndale
Listed By / Shown By
Listed By
Agency Name: Keller Williams Legacy
Agency Phone: 3137520000
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 4,613.05 per month $3,462.51 Principal & Interest $970.00 Property Tax $180.54 Homeowner's Insurance
425 Vester Street | MLS# 20261073555
This multi-family property located at 425 Vester Street, Ferndale, Mi 48220 is currently listed for sale with an asking price of $619,000. Vester Street is located within the Ferndale school district. Search Ferndale real estate on www.ikeyrealty.com today.