$225,000
Square Ft.
1,559
617 E Bennett Ave. Avenue, Ferndale, MI 48220
Ferndale Duplex Investment Immediate Income with Rental Upside. Excellent opportunity to acquire a fully occupied bungalow-style duplex in Ferndale with immediate rental income and the potential to increase returns through below-market in-place rents. The property features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, offering investors an opportunity to improve cash flow as rents adjust to market levels. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and flooring. Additional highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Conveniently located less… Read MoreRead Less
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of Forward Commercial Group, 248-662-5066, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multi-Family
Square Ft.
1,559
Lot Size
0.12 Acres
MLS Number
61039271
Property Location Map
Additional Details
Property Access
Paved Street
Basement
Poured, Partially Finished
Building
1,559 square feet, 2 total units, Built in 1925, Style: 2 Story, Bungalow
Expenses
Total expenses: $11,000
Exterior Features
Wood, Deck, Porch
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $13,000
Lot
Lot size: 50X105, 0.12 acres
Property
Residential
Taxes
Total amount: $7,405
Unit One
Rent: $650

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 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.

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(Source: Home Junction)

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