400 E Cambourne ST Ferndale, MI 48220
2 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,000 sqft
Subdivision Astonsof Knowles Heights
MLS Listing ID 20261083917
Style Colonial,Tudor
Full Baths 2
Year Built 1929
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Oakland
Area Area02258Ferndale
Rooms
Basement Common, Interior Entry, Private Storage Locker, Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ferndale
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, Trade1031Exchange, VaLoan
Listing Terms Cash, Conventional, FHA, Trade1031Exchange, VaLoan
Special Listing Condition AgentOwned, ShortSaleNo
Pets Allowed No
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