$455,000
242 w webster street, ferndale, MI 48220
Property Description
Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.
General Information
Price: $455,000
Price/SqFt: $245
Status: Active
MLS#: 20251024095
City: ferndale
Post Office: ferndale
Schools: ferndale
County: Oakland
Subdivision: adolph slomans woodward blvd
Acres: 0.1
Lot Dimensions: 35X122
Bedrooms:0
Bathrooms:2 (2 full, 0 half)
Size: 1,860 sq.ft.
Acreage: 0.1 est.
Year Built: 1926
Property Type: Multifamily
Style: 2 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Forced Air
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $13,507
Est. Winter Taxes: $389
Est. Winter Taxes: $389
Map

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