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617 East Bennett Street

Ferndale MI 48220

3
1559 sq. ft.
0.12 ac.
Multi-Family
Currently for sale - view listing

Overview

Ferndale Duplex Investment | Immediate Income with Rental Upside. Excellent opportunity to acquire a fully occupied bungalow-style duplex in Ferndale with immediate rental income and the potential to increase returns through below-market in-place rents. The property features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, offering investors an opportunity to improve cash flow as rents adjust to market levels. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and flooring. Additional highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Conveniently located less than 1.5 miles from downtown Ferndale, with easy access to I-696, shopping, dining, and entertainment. An income-producing duplex with existing occupancy, rental upside, and desirable amenities in an established Oakland County market. Please do not disturb tenants.

Features

3 bathrooms
1559 sq. ft. floor area
0.12 ac. lot size
Multi-Family

Property history for 617 East Bennett Street

2017
Sold
$155,000
27 Feb 2017 by Tom Gammon, of National Realty Centers, Inc

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, 22 multi families similar to 617 East Bennett Street, have been sold.

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

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