$369,000
Square Ft.
2,000
400 E Cambourne Street, Ferndale, MI 48220
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… 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 CJR Realty, 313-213-3842, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multi-Family
Square Ft.
2,000
Lot Size
0.09 Acres
MLS Number
61039356
Property Location Map
Additional Details
Property Access
Paved Street
Basement
Block, Common
Building
2,000 square feet, 2 total units, Built in 1929, Style: 2 Story, Colonial, Tudor
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $23,000
Lot
Lot size: 30X131.5, 0.09 acres
Taxes
Total amount: $9,645

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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