217 E Drayton Street, Ferndale, MI 48220
- $330,000
- 1
- BA
- List Price
- $330,000
- Days on Market
- 0
- MLS#
- 26038927
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 1
Property Description
TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.
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Additional Information
- Owner Pays
- None
- Acres
- 0.03
- Basement
- Other
- Heating
- Forced Air
- School District
- Ferndale
- Tenant Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Total Parking Spaces
- 2
- Utilities
- Natural Gas Connected, Electricity Connected
- Water
- Public Water
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Listing courtesy of Listing Agent: Keith Jourdan from Listing Office: Preferred, Realtors Ltd.
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