425 Vester St, Ferndale, MI 48220
- $619,000
- 4
- BA
- 2,773
- SqFt
- List Price
- $619,000
- MLS#
- 20261073555
- Status
- ACTIVE
- Bathrooms
- 4
- Subdivision
- URBANREST
Property Description
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
Additional Information
- Year Built
- 1916
- Basement Type
- Finished
- Acres
- 0.13
- Style
- Other, Raised Ranch
- Acres
- 0.13
- School District
- Ferndale
- Heating
- Forced Air, Natural Gas
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