31
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$314,900
Est. payment /mo
2 Baths
4,791 Sqft Lot
Active
1529 Silman Street Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20261023151
Year Built 1923
Annual Tax Amount $8,437
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 45X107.5
Source Realcomp
Property Description
Welcome to this beautifully maintained two-unit duplex, ideal for both owner-occupants and investors. Live in one unit while renting the other, or rent both for strong cash flow. The property generates $2,800/month in total rental income — the upper unit rents for $1,150 (lease through November 2025) and the lower unit rents for $1,650 (lease through May 2026).This clean, thoroughly updated, and fully occupied duplex features newer siding and windows, newly installed A/C units in both apartments, fresh hardwood floors, new vinyl flooring, and a remodeled lower-level bathroom. Each unit offers two bedrooms plus a spacious den, which can easily be used as a third sleeping area with a rolling closet.The entry-level unit includes a large covered front porch, while the upper unit features an enclosed private covered landing. The home also offers a full basement with shared washer and dryer, along with ample storage space. Outside, enjoy a large private backyard, fenced on three sides. Utilities are shared.A solid investment with excellent income potential and flexible living options.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family,Residential
Direction follow map.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Hazel Park
Others
Tax ID 2535405036
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition {"Short Sale Possible":true}
Listed by EXP Realty Main
NEARBY SCHOOL & BUSINESS
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