967 Alberta Street, Ferndale, MI 48220
967 Alberta Street, Ferndale, MI 48220
967 Alberta Street, Ferndale, MI 48220
967 Alberta Street, Ferndale, MI 48220
967 Alberta Street, Ferndale, MI 48220
967 Alberta Street, Ferndale, MI 48220
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Kory Lambarth

Kory Lambarth

+1(313) 283-2781
$ 359,000
Est. payment | /mo

2 Baths

5,227 Sqft Lot

Save
$ 359,000
Est. payment | /mo
Save

2 Baths

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261042507

HOA Y/N true

Year Built 1922

Annual Tax Amount $7,079

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 35X145

Source Realcomp

Property Description

Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents from scratch. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, and stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities!

Location

State MI

County Oakland

Zoning Residential

Direction W of Livernois Rd / S of 9 Mile Rd

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick,Vinyl Siding

Schools

School District Ferndale

Others

Tax ID 2533429003

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by DOBI Real Estate

NEARBY SCHOOLS & PROPERTIES

Kory Lambarth

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 283-2781

kory@korvanrealty.com

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967 Alberta Street