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264 E WOODLAND Street

$ 239,900


Huge Price reduction! Attention Investors: Amazing duplex in the heart of downtown Ferndale. Both units are currently leased – 2 bedroom for $1200 and 1 bedroom for $950. Property is licensed with the city of Ferndale and has been managed by The Home Store in Ferndale for several years. Common entrance through enclosed front porch and separate rear entrances on both units. Common basement. Shed in rear yard. Updated kitchens and baths in both units. Hardwood floors in both units. Tenants pay all utilities with fixed monthly fees for water and gas, and electric in their own names. Could be converted back to single family very easily. Subject to tenant’s rights. Tenant occupied. 48 hr notice to show.

Address: 264 E WOODLAND ST
Zip: 48220
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Property Id : 25018
Price: $ 239,900
Bedrooms: 2
Bathrooms: 2
Building size: 0.12 acres
Available Space: 1751 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Common Entry Building
Basement Type: Unfinished
Baths Full: 2
Baths Half: 0
CDOM: 119
Construction Materials: Other
County Or Parish: Oakland
Directions: E off Woodward
Directions From EastWest: E
Directions From EastWest Detail: Woodward
Directions From NorthSouth: N
Directions From NorthSouth Detail: 9 Mile
DOM: 119
Exterior Features: Fenced
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 40
Gross Scheduled Income: 26040.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Last Change Type: Back On Market
List Office Name: The Home Store Inc.
List Price By Acre: 1999166.6667
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 40X129
MLS: Realcomp II Ltd
MLS Area Major: Ferndale
MLS Area Major Number: 02258
MLS Number: 219054714
MF Parking: On Street
Monthly Rental Income: 2170
Number Of Units Leased: 2
Annual Net Income: 16000.00
Number Of Units Total: 2
Original List Price: 279000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 2527328024
Postal City: Ferndale
Postal Code Plus 4: 3738
Property Type: Multifamily
Protection Period: 180
Porch Type: Breezeway,Porch - Enclosed
Road Frontage Type: Private
Roof Material: Asphalt
Room Count: 0
School District: Ferndale
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: PRD
State Equalized Value: 79690.0000
Street Dir Prefix: E
Street Name: WOODLAND
Street Number: 264
Street Suffix: Street
Sqft Combined: 1851
Sqft Lower Floor: 100
Sqft Total Bsmt: 800
Table: Multi Family
Tax Amount Summer: 5629.0000
Tax Amount Winter: 131.0000
Tax Legal Description: T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 427, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Title: Private - Owned
Total Tax: 5760.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 1
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 1
Water Source: Municipal Water
Year Built: 1922
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Exclusions: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via The Home Store Inc. and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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