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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1529 Silman St , Ferndale, MI 48220
$314,900
Est. Payment: $1,621.58/mo
0 Bed
2 Bath
0 Sqft
Status: active | Days on site: 55
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income.The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income.The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants.Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment.Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio.Schedule your private tour!Lower unit is currently leased for $1725 and is for a 1 year termMay 2026 through April 2027Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027

Highlights

Listed by Anthony Djon , 248-747-4834 Anthony Djon Luxury Real Estate , 248-747-4834. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1923

County

Oakland

Neighborhood

Ferndale City

School District

Hazel Park

Listing ID

20261042215

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Other:Public

Exterior Features

Principal Interest
$1,622
Taxes
$720

Home Price

$314,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$62,980
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Monthly Price:
$1,621.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,621.58 $720.00 $0.00 $2,341.58
Yearly $19,458.91 $8,640.00 $0.00 $28,098.91
Total $583,767.29 $259,200.00 $0.00 $842,967.29
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Ferndale, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC