400 E Cambourne Street, Ferndale, MI 48220 1394
- $369,000
- 2
- BA
- 2,000
- SqFt
- List Price
- $369,000
- Status
- ACTIVE
- MLS#
- 61039356
- Days on Market
- 10
- Style
- Colonial, Tudor
- Year Built
- 1929
- Price Change
- ▼ $6,000 1792723015
- Bathrooms
- 2
- Acres
- 0.09
- Living Area
- 2,000
- Municipality
- Ferndale
- Region
- Ferndale
- Township
- Ferndale
- Subdivision
- Astonsof Knowles Heights
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 AC Sewer lines upgraded to PVC House 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.
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Additional Information
- Lot Dimensions
- 30 x 131.5
- Heating
- Forced Air
- Basement
- Yes
- Basement Description
- Block, Common
- Foundation
- Basement
- Water
- Public
- School District
- Ferndale City School District
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Listing Courtesy of CJR Realty, Office Phone: 313-213-3842
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.