217 Drayton Street, Ferndale City, Michigan 48220

$330,000

Property Details

MLS#: 81026038927
Bedrooms: N/A
Bathrooms: N/A
Square Feet: N/A
Lot Size: 0.04 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 2

Description

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify allLower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.

Location

This property is located in Ferndale City, Michigan. Ferndale City is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 217 Drayton Street?

217 Drayton Street is listed at $330,000.

How many bedrooms does 217 Drayton Street have?

This property has N/A bedrooms and 0 bathrooms.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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