Multi Family homes for sale & real estate in 48220, MI

Multi Family Home for sale in 48220, MI:

Ferndale Duplex Investment | Immediate Income with Rental Upside. Excellent opportunity to acquire a fully occupied bungalow-style duplex in Ferndale with immediate rental income and the potential to increase returns through below-market in-place rents. The property features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, offering investors an opportunity to improve cash flow as rents adjust to market levels. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and flooring. Additional highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, fenced backyard, large rear deck

Multi Family Home for sale in 48220, MI:

Fully Occupied Two-Unit Investment | Updated & Income-Producing. An excellent opportunity to acquire a fully occupied two-unit bungalow offering immediate rental income and long-term investment potential. Both units feature separate entrances, with the main unit offering 2 bedrooms, 2 full baths and 2 half-baths, and the upper unit offering 2 bedrooms and 1 full bath. Significant capital improvements include a 2023 roof, furnaces replaced in 2020 and 2024, a 2023 hot water heater, and fully renovated kitchens and bathrooms in both units in 2018. Additional features include a full basement and spacious backyard. Conveniently located just minutes from downtown Ferndale, with easy access

Multi Family Home for sale in 48220, MI:

An exceptional investment opportunity offering 3 spacious, thoughtfully designed 2-bedroom units in a modern, newer construction (built in 2020), low-maintenance building. Ideally positioned in one of Metro Detroit’s most sought-after rental markets, this property allows investors to acquire a stabilized, income-producing asset with strong tenant appeal, predictable operating expenses, and immediate value-add/owner-occupancy potential. This exceptional multi-family opportunity features three identical units, each offering a generous 1,130 square feet of comfortable living space complete with 2 bedrooms and 1.5 bathrooms. Designed for modern convenience, every residence includes a dedi

Multi Family Home for sale in 48220, MI:

Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintai