Rare investment opportunity to own a THREE-UNIT multifamily home in downtown Ferndale. This home offers two spacious 2-bedroom units and one 1-bedroom, possibly two, multi-level unit. Located on a lovely treed-lined street among other single family homes and duplexes. Exterior hosts maintenance-free brick and offers three exterior entrances for front units and back. The two 2-bedroom units have identical floor plans that feature spacious living space with beautiful lead glass windows and hardwood floors. These units are accented by tranquil outdoor space with a lovely 2nd balcony or quaint street-level front porch. One-bedroom unit offers lots of natural light and overlooks a green lush backyard with patio. All units are leased and have never experienced a vacancy. On-site laundry in basement and a garage that is perfect for storage. Separate electricity and gas meters are set up for each unit. Two furnaces and one. LICENSED with City of Ferndale. MULTIPLE OFFERS due 6-7-18 at 6:00 pm
Off market
Street View
$405,100
319 W Webster Ave UNIT 3, Ferndale, MI 48220
--beds
2,342sqft
MultiFamily
Built in 1924
-- sqft lot
$405,100 Zestimate®
$173/sqft
$1,474 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- Wall
Features
- Laundry Facility, High Spd Internet Avail, Pets Allowed
- Basement: Finished
Interior area
- Total interior livable area: 2,342 sqft
Property
Parking
- Total spaces: 1
Features
- Exterior features: Other, Brick
Lot
- Size: 5,663 sqft
Details
- Parcel number: 2534453011
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Asphalt
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Sewer-Sanitary
- Water: Municipal Water
Community & neighborhood
Location
- Region: Ferndale
Other
Other facts
- Construction Materials: Brick
- Heating: Hot Water
- Income Projection: Projected
- Last Change Type: New
- Rent Includes: Garbage Pickup, Water/Sewer
- Road Frontage Type: Paved
- Title: Private - Owned
- Water Source: Municipal Water
- Sewer: Sewer-Sanitary
- Exterior Features: Outside Lighting, Fenced, Private Entry, Awning/Overhang(s)
- Architecture Style: Triplex
- Interior Features: Laundry Facility, High Spd Internet Avail, Pets Allowed
- MF Parking: On Street, Assigned Spaces
- Cooling: Window Units 2+
- MLS Area Major: Ferndale
- School District: Ferndale
- Architecture Level: 2 Story
- Foundation Materials: Block
- Transaction Type: Sale
- Parcel Number: 2534453011
- Tax Legal Description: T1N,R11E,SEC34 ADOLPH SLOMAN'S WOODWARD BLVD SUB L
Services availability
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Estimated market value
$405,100