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$ 439,900
Est. payment | /mo
4 Baths
1,050 SqFt
$ 439,900
Est. payment | /mo
4 Baths
1,050 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $418
Subdivision Mi
MLS Listing ID 60972006
Style 1 Story
Full Baths 4
Year Built 1942
Annual Tax Amount $6,331
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50.00 x 150.00
Property Sub-Type Multi-Family
Property Description
Welcome to 141-143 Ferndale Ave, perfectly situated in a prime location within walking distance of downtown Rochester. This charming, side-by-side ( seperate entrance doors) updated ranch duplex is a fantastic income-generating opportunity through Airbnb. Each renovated unit boasts one bedroom and two full bathrooms, providing ample space and comfort. The property currently generates aprox $3,800 per month in gross income combined from both units. Please note that each unit requires a minimum stay of 27 days, as mandated by the city of Rochester for Airbnb use. The following appliances are included with the property: refrigerators, stoves, and washers and dryers (in each unit).This unique property offers various opportunities, including continuing its successful rental income stream, living in one unit while renting the other, or considering a teardown and rebuild to create a new residential home. Please note that the property is furnished; however, furniture is not included in the sale. With homes in the neighborhood experiencing exceptionally high values, this property is an excellent investment opportunity. Don't miss out on the potential that 141-143 Ferndale Ave has to offer! Property is non homestead.
Location
State MI
County Oakland
Area Rochester (63152)
Rooms
Basement Block, Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Building
Story 1 Story
Foundation Basement
Water Public Water
Structure Type Vinyl Siding
Schools
School District Rochester Community School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
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Listed by Brookstone, Realtors LLC
NEARBY SCHOOL & BUSINESS