Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income. The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income. The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants. Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment. Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio. Schedule your private tour! Lower unit is currently leased for $1725 and is for a 1 year term May 2026 through April 2027 Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027
Discover the future of living and investing - a seamlessly blended residential and commercial opportunity tailored for the ambitious young professional or savvy investor. This unique tri-unit property not only offers stylish, modern living spaces but also features mixed-use zoning, allowing you to dream big and diversify your investment portfolio. Whether you envision a bustling storefront, a chic salon, a Law Office, a Boutique Hotel, a profitable Airbnb venture, or a mixture of all - this property is your canvas. A one-of-a-kind investment breathing new meaning into the phrase Live-Work-Play. Seize the opportunity to shape your future in a place where lifestyle meets opportunity. This property is not just a building; it's a gateway to a life of entrepreneurial freedom and residential bliss in one of the most spirited neighborhoods in Michigan. Engage with a property that will grow with your ambitions. Schedule your visit today and explore how your vision can turn into reality. Comprehensive marketing package available - Please reach out. BATVAI.
Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is currently vacant after a long-term tenant. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI
Rare Triplex Opportunity on Ardmore ââ?¬â?? High-Yield Income Property! Investors and house-hackers take note! This incredibly rare, fully designated 3-unit multi-family property on Ardmore offers exceptional value, immediate cash flow, and high-ticket updates in one of Ferndale's most demand-driven rental markets. The property boasts a versatile three-unit layout: Lower Unit 1: A comfortable, spacious 1-bedroom, 1-bathroom apartment. Lower Unit 2: A smart, efficient studio apartment - highly sought after for affordable Ferndale living. Upper Unit: A bright, private 1-bedroom, 1-bathroom apartment. Premium Upgrades & Tenant Amenities: The seller has invested heavily in low-maintenance, high-value improvements that will protect your investment for years to come: New HVAC & Water Heater. New Driveway leading to designated off-street parking behind the property for each unit (a massive premium in Ferndale!). Designated Private Outdoor Spaces for every single unit, allowing tenants their own place to relax and grill. Shared Laundry Facilities conveniently located in the basement. Current Status: Two units are currently occupied with stable, month-to-month rental agreements, offering immediate income on day one with the flexibility to adjust to market rents or move into the vacant unit yourself. Located just steps from the best shopping, dining, and nightlife Ferndale has to offer. Don't miss this incredible addition
Located in the eclectic community of Ferndale, this 2 unit home is perfect for the investor or house hacker. Upper and lower units have 2 bedrooms each and full bathroom. There is a spacious fenced in yard and a basement. You will love how close this one is to downtown Ferndale, Royal Oak, Freeways and Shopping. The home is currently being used as a 30 day minimum rental for corporate stays. Each unit has private entry, kitchens and laundry. There links for a 3D tour. Please look at those prior to requesting a showing.
Versatile multifamily home in Ferndale offering two move-in ready units with the flexibility to easily convert back to a single family residence. Covered front porch welcomes you into the spacious lower unit, featuring a bright living room with coved ceilings, a large front window, and vinyl plank flooring that carries throughout. Classic archways lead to a central dining area connecting to the back kitchen with ample cabinetry. Two nicely sized bedrooms share a full bath down the hallway. The upper unit offers one bedroom, a full bath, a roomy kitchen with built-in shelving, and a comfortable living room with lots of natural light. Off the living area, a bonus room with vaulted ceilings makes a great spot for an office, nursery, or additional lounge space. Shared unfinished basement provides laundry, a workbench, and plenty of storage. Large fenced backyard with mature shade trees offers room to relax and play. Welcome Home!
Fantastic move-in-ready investment with immediate income potential. This updated and fully rental-certified, low maintenance Ferndale duplex checks all the right boxes. The tenant can pay your mortgage while you enjoy building equity - an investor or house hacker's dream. Both units have been thoughtfully remodeled and impeccably maintained, with modern kitchens, ceramic tile baths featuring glass mosaic accents, and deep soaker tubs. You'll find stunning dark wood floors, carpeted bedrooms, a large walk-in closet, and vinyl windows throughout. Enjoy the charm of enclosed front porches, a shared fenced yard with garden and shed, plus secure basement storage. Appliances included: stove, fridge, dishwasher, washer, and dryer, in each unit. The owner has added smart storage opportunities all over the house wherever possible. There are closets, cabinets and armoires all over the property. The public alley remains navigable - off-street parking may be possible. Roof replaced in 2020. Currently tenant-occupied. Please do not disturb the tenants.
Ferndale is located in Michigan. Ferndale, Michigan has a population of 19,414. Ferndale is less family-centric than the surrounding county with 27.64% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Ferndale, Michigan is $79,181. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Ferndale is 35.1 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 33.8 inches of snow per year.
