351 Edgewood Place

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Source: MiRealSource

Originating MLS: MiRealSource

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RC432679

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is currently vacant after a long-term tenant. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

Property Information

Property Details

Location

Address

351 Edgewood Place

County

Oakland

City

Ferndale

Zip Code

48220

Subdivision

Adolph Slomans Woodward Blvd

School District

Ferndale City School District

MLS Area

Ferndale (63258)

Listing provided by The Stephan Group, (248) 590-2067

Interior Features

Beds and Baths

Full Bathrooms

Building

Building Information

Square Feet

1,972

Year Built

1925

Construction

Cedar, Vinyl Siding

Foundation

Basement

Financial

Special Conditions

Standard

Property Taxes

Tax Annual Amount

$7,676

351 Edgewood Place, Ferndale, MI 48220

Market Report for 48220