617 E Bennett Avenue, Ferndale, MI 48220

$225,000
3
BA

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List Price
$225,000
Days on Market
1
MLS#
20261067536
Status
ACTIVE
Type
Multifamily
Bathrooms
3

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.

Additional Information

Taxes
$7,405
Acres
0.12
Heating
Forced Air
Roofing
Composition
School District
Ferndale
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Emil Cherkasov from Listing Office: Forward Commercial Group.

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