617 E Bennett Ave. AVE Ferndale, MI 48220
3 Baths
1,559 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 1,559 sqft
Subdivision Frank Grix
MLS Listing ID 20261083850
Style Bungalow,Upper Lower Apartment
Full Baths 2
Half Baths 1
Year Built 1925
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Oakland
Area Area02258Ferndale
Rooms
Basement Full, Partially Finished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Exterior Feature ChimneyCaps
Parking Features Garage
Pool None
View Y/N No
Roof Type Composition
Garage true
Building
Foundation Basement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ferndale
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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