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217 E Drayton St

Ferndale MI 48220

0.03 ac.
Multi-Family
Currently for sale - view listing

Overview

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all

Features

0.03 ac. lot size
Multi-Family

Property history for 217 E Drayton St

2016
Sold
$191,500
06 May 2016 by Margie Farris, of KW Metro

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 217 E Drayton St, have been sold.

This represents a 27% decrease in multi families sales when compared to the previous 12 months.

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