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$439,900 For Sale

141 Ferndale Avenue
Rochester, MI 48307

Multi Family Home
7405 sq ft lot - MLS# 20261011979
Property Photo
1/27

Description

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Oakland County
  • Zip Code: 48307
  • Year Built: 1942
  • Subdivision/Neighborhood: Rochester
  • School District: Rochester
  • Basement: Yes
  • Lot Size: 7405 sq ft lot
  • Association: Yes
  • Association Amenities: Pets Allowed
  • Construction Materials: Vinyl Siding
  • Directions: South of W Tienken Rd & West of S Rochester Rd
  • Gross Income: 45600
  • Heat Source: Natural Gas
  • Heating: Forced Air
  • Lot Size Area: 0.17
  • Lot Size Square Feet: 7405.2
  • Lot Size Units: Acres
  • MLS Area Major: Oakland County - 70
  • MLS Area Minor: Oakland County - 70
  • Main Type: Multi Family
  • Parcel Number: 1510280006
  • Road Frontage: 50
  • SEV: 138520
  • Street Type: Paved
  • Tax Annual Amount: 6331
  • Tax Legal Description: T3N, R11E, SEC 10 WOODWARD HEIGHTS LOT 41
  • Total Approx Sq Ft All Bldgs: 1050
  • Total Num Units: 2
  • Township: Rochester
  • Water Source: Public
Courtesy of Derrick Kajbo, Brookstone, Realtors LLC
Source: Michigan Regional Information Center (MichRIC)
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