400 E Cambourne StreetFerndale, MI 48220

About

This Home

Fully occupied 2 unit investment property. Updated and income producing from day one! This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife! Rents can be increased to market rates for an increase in income. There is a common hallway and basement. All utilities except water are separated out. Property has been certified with Ferndale consistently as a rental. Capital improvements made by current owner are: Secure Garage to current codes (old grandfathered in large garage) Installed central AC Sewer lines upgraded to PVC House hack and live in 1 unit renting the other to cover a majority of the mortgage. Current taxes are non homestead. Please note that this property has no driveway. Do not approach property or disturb current tenants!!! Listing agent is part of the ownership of listing.

Details

Property Type

Residential Income

Style

Multi Family

Year Built

1929

Lot Size

0.09 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Interior Entry, Unfinished

Annual Taxes

$9,645

MLS #

20261083917

Gallery