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$ 275,000
Est. payment /mo
New
392 E Cambourne Street Ferndale, MI 48220
3 Baths
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20251018932
HOA Y/N true
Year Built 1937
Annual Tax Amount $10,213
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60X131.5
Source Realcomp
Property Description
Income generating Ferndale duplex within walking distance to downtown! This is a perfect opportunity to live in one unit while renting out the other, or lease out both units for maximum income generating potential. Currently rental certified through the city until 7/3/26. Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently vacant, but was recently rented out at $1,100/month. Lower unit has had the same tenant for around 30 years, currently paying $1600/month plus $25/month for cat rent with existing lease in place until March 2027, with rent increase built in to current agreement to $1650/month plus cat fee in March 2026. Lower unit has full access to the backyard, driveway, basement, and garage.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Residential
Direction North of 9 Mile Rd, east of Woodward
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Ferndale
Others
Tax ID 2527452013
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Brookstone, Realtors LLC
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