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$ 225,000
Est. payment /mo
New
617 E Bennett Avenue Ferndale, MI 48220
3 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261067536
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 duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents.The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and updated flooring. Additional property highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, plus a fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street.Located less than 1.5 miles from downtown Ferndale with convenient access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. An established Oakland County location, strong rental demand, and below-market rents make this an attractive opportunity for investors seeking immediate cash flow with future upside.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
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