316 Spencer Street, Ferndale, Michigan 48220

$339,900

Property Details

MLS#: 20261068082
Bedrooms: N/A
Bathrooms: 2
Square Feet: 1,368
Price per Sqft: $248
Lot Size: 0.15 acres
Year Built: 1924
Property Type: ResidentialIncome
Status: Active
Days on Market: 4

Market Analysis

Estimated Value (CMA): $264,024
Area Avg Price/Sqft: $203
This Property: $248/sqft ($45 above area average)
Price Position: +22.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Charming Ferndale multi-family with tons of upside! The entry-level unit features hardwood flooring throughout, an updated kitchen with granite countertops and stainless-steel appliances, plus a welcoming front sitting porch. This level offers 2 bedrooms and 1 full bath. Upstairs, the second-story unit is a bright 1-bed, 1-bath layout with its own updated kitchen, stainless appliances, and matching new flooring throughout. Utilities are separately metered for each unit, making this an easy, low-hassle property to manage. Live in one unit and rent the other to offset your mortgage (house hacking at its finest) or add this turnkey duplex to your investment portfolio — either way, this one works hard for you. Major systems have all been updated within the last 10 years, including the roof, electrical, plumbing, HVAC, gutters, and basement waterproofing, giving you real peace of mind from day one. Move-in ready and income-ready — don't miss this Ferndale gem!

Location

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

Frequently Asked Questions

What is the price of 316 Spencer Street?

316 Spencer Street is listed at $339,900, or $248 per square foot.

How many bedrooms does 316 Spencer Street have?

This property has N/A bedrooms and 2 bathrooms, with 1,368 square feet of living space.

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) 484-4696

Email: info@sonicrealty.com

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