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351 Edgewood Place, Ferndale, MI 48220

$400,000
  • 351 Edgewood Place, Ferndale, MI 48220 Main Photo

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New to the Market Active
BEDS0 BATHS3 full SQUARE FEET1,972 MLS#20261040998
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONAdolph Slomans Woodward Blvd SCHOOLFerndale

Property Description

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is currently vacant after a long-term tenant. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

351 Edgewood Place | MLS# 20261040998

This multi-family property located at 351 Edgewood Place, Ferndale, MI 48220 is currently listed for sale with an asking price of $400,000. Edgewood Place is located within the Ferndale school district. Search Ferndale real estate on www.griffithrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished, Common Storage Locker, Common
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Upper/Lower Apartment
Lot Size: 0.10 Acres
Year Built: 1925

Feature Descriptions

Architecture: Upper/Lower Apartment
Exterior: Cedar, Vinyl
Foundation: Basement
Interior: Laundry Facility
Lot Dimensions: 0.10 Acre(s)
Road Frontage: Paved
Summer Tax: $7421.0000
Winter Tax: $255.0000
Year Remoldeled: 2020

Local Schools

School District: Ferndale

Listed By / Shown By

Listed By

Agency Name: The Stephan Group
Agency Phone: (248) 590-2067

Shown By

Agency Title: Griffith Realty
Agency Phone: 810-227-1016

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Estimated Payment

$ 1,006.89 per month $890.23 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.67 Homeowner's Insurance

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