About This Home
This 3-bedroom, 2-bathroom residential multi family at 967 Alberta Street in Ferndale, MI is listed for $329,000 ($219 per sqft). Built in 1922, the home offers 1,500 sqft of living space on a 0.12 acres lot.
Key Features
- Built in 1922
- 0.12 acre lot
- 2 stories
Property Details
Amenities
Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath.
The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month.
The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities!
Monthly Cost Estimate
$1,760/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
967 Alberta Street
Ferndale, MI 48220
Maple Ridge
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 967 Alberta Street is listed at $329,000 ($219/sqft). The estimated monthly payment is $1,760 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1922, 0.12 acre lot, 2 stories. Interior Features: Laundry Facility.
This property is listed by Alexandra I Lannen and can be reached at 2487033358.