$279,900
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541 PEARSON Street Ferndale, MI 48220
2 Baths
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20230096636
Sold Date 01/22/24
Year Built 1923
Annual Tax Amount $3,866
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40x122
Source Realcomp
Property Description
Rare opportunity! Turn key income producing property in thriving downtown location! Only a few minutes walk to shopping, nightlife, restaurants, entertainment, and more! Near major expressways and famous Woodward Ave! Lower unit features hardwood floors, neutral paint throughout, a fantastic kitchen, spacious living room, and applications are currently being reviewed for $1295/mo. rate. Upper unit is currently rented at $995/mo. until Nov. 2024. Full basement includes a newer furnace and hot water tank. Appliances included. Tenants pay utilities, Electric has separate meters, gas/water is shared. Landlord owns stove/fridge in both units and washer and dryer in basement. Rental Certified through 9/6/25.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction S OF 9 MILE, WEST OF WOODWARD
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Aluminum Siding
Schools
School District Ferndale
Others
Tax ID 2534152018
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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