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.
Historic residence built in summer of 1884 for Marcus Eugene Carlton and his wife Lydia. This Swiss cottage was designed by John Scott and built by Arkin & Jones. Over the years the home has had many uses from residential to business. This property offers the opportunity for a historic restoration or complete re-development. the property has 60 foot of frontage on both East Street and Water Street. The lot is 150 deep and is directly north of the Granary Live/Work Loft apartments Currently under construction.
Rochester is located in Michigan. Rochester, Michigan has a population of 13,048. Rochester is more family-centric than the surrounding county with 36.92% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Rochester, Michigan is $100,021. 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 Rochester is 39.4 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 32.2 inches per year, with 32.7 inches of snow per year.
