Two-Unit Bungalow Rental close to downtown Ferndale

Property Description

Excellent investment opportunity in Ferndale! This fully occupied bungalow-style upper and lower duplex features a lower unit with 2 bedrooms and 1 bathroom and an upper unit with 1 bedroom and 1 bathroom, providing immediate in-place rental income. The upper unit includes an updated kitchen and bathroom with stainless steel appliances, updated cabinetry, and updated flooring. Additional features include a gas fireplace in the lower unit, basement with laundry, a half bath, and generous storage space. Outside, the property offers a fenced backyard, large rear deck, covered front porch, and a detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Conveniently located less than 1.5 miles from downtown Ferndale with easy access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. The asset also presents a compelling value-add opportunity through below-market in-place rents, offering investors the ability to increase revenue over time while benefiting from continued demand in an established Oakland County submarket. Please do not disturb the tenants.