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Jim Blehm

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

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617 E Bennett Ave , Ferndale, MI 48220
$225,000
Est. Payment: $500.00/mo
0 Bed
3 Bath
0 Sqft
Status: Active | Days on site: 24
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391990 - 392741
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House 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.

Highlights

Listed by Emil Cherkasov , 248-894-3604 Forward Commercial Group , 248-662-5066.

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1925

County

Oakland

Neighborhood

Ferndale City

School District

Ferndale

Listing ID

20261067536

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Water:Public

Exterior Features

Roof:Composition
Principal Interest
$500
Taxes
$617

Home Price

$225,000

Loan Details

30 yrs
%

Down Payment

20%
$45,000
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Monthly Price:
$500.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $500.00 $617.08 $0.00 $1,117.08
Yearly $6,000.00 $7,405.00 $0.00 $13,405.00
Total $180,000.00 $222,150.00 $0.00 $402,150.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.