242 W Webster Street new Save Request In-Person Tour Request Virtual Tour
Ferndale,MI 48220
Key Details
Property Type Multi-Family
Sub Type Colonial,Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,860 sqft
Price per Sqft $247
Subdivision Adolph Slomans Woodward Blvd
MLS Listing ID 20251024095
Style Colonial,Duplex
Bedrooms 2
Full Baths 2
Year Built 1926
Annual Tax Amount $13,896
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X122
Property Sub-Type Colonial,Duplex
Source Realcomp II Ltd
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.
Location
State MI
County Oakland
Area Ferndale
Zoning Residential
Direction West On Webster Off Of Woodward
Rooms
Basement Unfinished,Private
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial,Duplex
Level or Stories 2 Story
Structure Type Brick
Schools
School District Ferndale
Others
Pets Allowed Yes
Tax ID 2534452047
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional