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$ 619,000
Est. payment /mo
New
425 Vester Street Ferndale, MI 48220
4 Baths
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261073555
Year Built 1916
Annual Tax Amount $11,640
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 55x105
Source Realcomp
Property Description
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
Location
State MI
County Oakland
Zoning Multi-Family
Direction Woodward To 9 Mile, North On Paxton Off 9 Mile To East On Vester, 2nd House On Left
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Vinyl Siding,Wood Siding
Schools
School District Ferndale
Others
Tax ID 2527487016
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Keller Williams Legacy
Nearby Locations
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Mark Vanderwal
Realtor & Marketing Expert License ID: 6501398317
+1(616) 813-9373 | mark@markvanderwal.com