Price Reduction
Address
524 E Drayton Street Ferndale, MI
Price
$ 332,500
Property Attributes
  • ID#2210034717
  • TypeMulti-Family
  • CountyOAKLAND
  • CityFerndale
  • AreaFerndale
  • NeighborhoodWOODWARD HEIGHTS SUB NO 2 - FERNDALE
  • Zip48220
  • StyleDuplex
  • Year Built1928
  • Taxes$ 9595
  • Price$ 332,500
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1818
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
@Properties Detroit
Data Source:
REALCOMP II LTD.
Property Description

Classic, all brick, Ferndale duplex loaded with character, located in sought after northern Ferndale. 2 BR upper, and 2 BR lower units with 1 full bath each, have hardwood flooring throughout. Rear and front balconies on both units offer great places to relax and enjoy the nice tree lined neighborhood. The detailed faux fireplace surrounds offer classic styling and character to each unit. Large basement has high ceilings, glass block windows, two large secured storage units, two newer furnaces and hot water heaters and two newly installed washers and dryers dedicated to each unit. Alleyway takes you to the large private parking area in back which easily accommodates 3 to possibly 4 cars. With some updating here and there and modern touches this property offers an investor a lot of upside to increase income potential based on current rents. These types of investment properties do not hit the market very often so see this one early before you miss it!!!

Price History
5/15/2021 Listed $350,000
6/10/2021 5% - $332,500

General Features

Basement Type Common, Private Storage Locker
Construction Materials Brick
Cooling Window Unit(s)
Cumulative Days on Market 30
Down Payment Resource Yes
Gross Scheduled Income 0.00
Heating Forced Air
Listing Agent Public Id 409961
Net Operating Income 0.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 2527402004
Parking Total 4
Property Type Multifamily
School District Ferndale
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name WOODWARD HEIGHTS SUB NO 2 - FERNDALE
Terms Offered Cash, Conventional
Total Sq Ft 1818
Transaction Type Sale
Year Built 1928
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 2
Heating Fuel Natural Gas
Interior Features Cable Available
Total Baths 2.00
Total Units 2
Unit Count 2

Exterior Features

Architecture Level 2 Story
Architecture Style Duplex
Foundation Basement
Foundation Materials Block
Lot Size Area 0.10
Lot Size Dimensions 35.00X129.00
Porch Balcony, Patio, Porch - Covered
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Silverstone Real Estate and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 14, 2021 3:31 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48220

Price
AVG $270K
$330K
Taxes
AVG $5,997
$9,595
Visits
AVG 26
42
Year Built
AVG 1927
1928
Walkscore
AVG 66
81
Data Provided by Walkscore ® not using MLS data