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3331 McDowell St

Ferndale MI 48220

0.18 ac.
Land
Currently for sale - view listing

Overview

Attention Builders & Investors! The developer has already done the heavy lifting on this rare, plug-and-play opportunity, saving you valuable time, capital, and administrative headaches. Situated in one of Metro Detroit's most sought-after rental markets, this prime 0.18-acre vacant lot is fully build-ready and waiting for your vision. City approvals are secured, utilities are already on site, and the entire 3-unit multifamily foundation is complete. Skip the lengthy development phase and go straight to building your 3-unit property to start cash-flowing faster. Please refer to the financial projections under the documents section to see the strong income potential this high-demand location offers. *The existing 3-unit building south of this lot (3327 McDowell MLS #20261083067) can be purchased with MLS #20261067860 for a total of $1,000,000. Bring your builder and turn this turnkey site into your next profitable enterprise!

Features

0.18 ac. lot size
Land

Property history for 3331 McDowell St

2016
Sold
$52,000
02 Mar 2016 by Jim Shaffer, 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 land plots in Ferndale

In the last 12 months, 5 land plots similar to 3331 McDowell St, have been sold.

This represents a 400% decrease in land plots sales when compared to the previous 12 months.

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