12
See all 12 photos
$250,000
Est. payment /mo
3 Baths
5,227 Sqft Lot
New
617 E Bennett Avenue Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261057355
Year Built 1925
Annual Tax Amount $7,405
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50X105
Source Realcomp
Property Description
Excellent investment opportunity in Ferndale! This fully occupied bungalow-style upper and lower duplex features a lower unit with 2 bedrooms and 1 bathroom and an upper unit with 1 bedroom and 1 bathroom, providing immediate in-place rental income.The upper unit includes an updated kitchen and bathroom with stainless steel appliances, updated cabinetry, and updated flooring. Additional features include a gas fireplace in the lower unit, basement with laundry, a half bath, and generous storage space. Outside, the property offers a fenced backyard, large rear deck, covered front porch, and a detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street.Conveniently located less than 1.5 miles from downtown Ferndale with easy access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. The asset also presents a compelling value-add opportunity through below-market in-place rents, offering investors the ability to increase revenue over time while benefiting from continued demand in an established Oakland County submarket. Please do not disturb the tenants.
Location
State MI
County Oakland
Zoning Residential
Direction Woodward Ave north of 8 Mile Rd, head east on Chesterfield, right at Hilton, left to continue on Chesterfield to right on Fair Street to right on Bennett Ave.
Interior
Heating Forced Air
Exterior
View Y/N No
Roof Type Composition
Building
Water Public
Structure Type Wood Siding
Schools
School District Ferndale
Others
Tax ID 2535354035
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Forward Commercial Group
NEARBY SCHOOL & BUSINESS