425 Vester ST, Ferndale, MI 48220
425 Vester ST, Ferndale, MI 48220
425 Vester ST, Ferndale, MI 48220
64
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$619,000
Est. payment /mo
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4 Baths
1,866 SqFt
New

425 Vester ST Ferndale, MI 48220

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,866 sqft

Price per Sqft $331

Subdivision Urbanrest

MLS Listing ID 20261073555

Style Other,Raised Ranch

Full Baths 4

Year Built 1916

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type MultiFamily

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!

Location

State MI

County Oakland

Area Area02258Ferndale

Rooms

Basement Finished

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

Architectural Style Other, Raised Ranch

New Construction No

Schools

School District Ferndale

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No


Realcomp MLS
Listed by Nick Jaafar of Keller Williams Legacy

NEARBY SCHOOL & BUSINESS

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Cyrus Wheeler

Cyrus Wheeler

Broker License ID: 6501414673

+1(313) 482-7432

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425 Vester ST