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1447 Albany Street

Ferndale MI 48220

5
1600 sq. ft.
0.14 ac.
Multi-Family
Currently for sale - view listing

Overview

Fully Occupied Two-Unit Investment | Updated & Income-Producing. An excellent opportunity to acquire a fully occupied two-unit bungalow offering immediate rental income and long-term investment potential. Both units feature separate entrances, with the main unit offering 2 bedrooms, 2 full baths and 2 half-baths, and the upper unit offering 2 bedrooms and 1 full bath. Significant capital improvements include a 2023 roof, furnaces replaced in 2020 and 2024, a 2023 hot water heater, and fully renovated kitchens and bathrooms in both units in 2018. Additional features include a full basement and spacious backyard. Conveniently located just minutes from downtown Ferndale, with easy access to shopping, dining, parks and other amenities. An income-producing investment with substantial improvements already completed. Do Not Disturb Tenants.

Features

5 bathrooms
1600 sq. ft. floor area
0.14 ac. lot size
Multi-Family

Happy sellers in Ferndale

89%
89% of sellers in Ferndale reported that their sale price either exceeded or met their price expectations.

Ferndale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Ferndale over the last 12 months.

Local market activity for multi families in Ferndale

In the last 12 months, 23 multi families similar to 1447 Albany Street, have been sold.

This represents a 14% increase in multi families sales when compared to the previous 12 months.

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