351 Edgewood Place,Ferndale, MI 48220
Ferndale, MI 48220
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 tenant occupied with a one year lease. 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
Details
| MLS # | 60998960 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 118 |
| Listing Provided By | The Stephan Group | Andrea Stephan |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 1,972 |
| Basement | Y |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.10 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Cedar, Vinyl Siding |
|---|---|
| Foundation Details | Basement |
Other
| List Aor | Real Comp |
|---|
Taxes
| Property | 7676 |
|---|
Area Information
| State | MI |
|---|---|
| County | Oakland |
| City | Ferndale |
| Zip Code | 48220 |
| Area | Ferndale (63258) |
| Community Name | Adolph Slomans Woodward Blvd |
| Listing VS Median (in Adolph Slomans Woodward Blvd) | |
Price: $400,000 low | high Med: $232,500 sqft: 1,972 low | high Med: 1,614 $ / sqft: $203 low | high Med: $149 On site: 118 low | high Med: 91.5 | |
Market Activity 48220
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Learn More About This Property
| State | MI |
|---|---|
| County | Oakland |
| City | Ferndale |
| Zip Code | 48220 |
| Area | Ferndale (63258) |
| Community Name | Adolph Slomans Woodward Blvd |
| Listing VS Median (in Adolph Slomans Woodward Blvd) | |
Price: $400,000 low | high Med: $232,500 sqft: 1,972 low | high Med: 1,614 $ / sqft: $203 low | high Med: $149 On site: 118 low | high Med: 91.5 | |
