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400 E Cambourne St

Ferndale MI 48220

2
2000 sq. ft.
0.09 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

2 bathrooms
2000 sq. ft. floor area
0.09 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 400 E Cambourne St, have been sold.

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

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