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281 Ardmore Drive

Ferndale, MI 48220
  • $275,000
  • STATUS: Active
  • ON SITE: 112 days
  • ID#: 2210024387
$275,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,150
    SQFT
  • $239
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
73X108

School Ratings & Info

School District:

Description

Awesome opportunity to buy and build a 6 Unit Apartment. This Charming Two Family Flat Located with walking distance of downtown Ferndale. This is situated on an Oversized Lot and the plans are already done and approved for an expanded new construction with 6 units. The current configuration is a 2 Bedroom Lower Unit with a large living room, formal dining room, and kitchen with maple cabinets. The current lower tenant is paying $550 a month. This 1st floor 2 bedroom unit would rent for $1200/mo. The upper unit is a cute 1 bedroom and the current tenant is paying $550. The 2nd floor could rent for $800/mo. Currently, both units are month to month since the owner had planned to rebuild the 6 units. Gas, Electric and water are split 1/3 paid by upper and 2/3 paid by the lower. One car garage, covered front porch, newer dimensional shingled roof, glass block windows. Property is Zoned R-3 for Multiple Family Residential. Current license as a Multi-Family. The value is in the redevelopment

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-30T23:56:51.72.
www.purchasemi.com/homes/115974866
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281 Ardmore Drive Ferndale, MI 48220

  • Price: $275,000
  • Status: Active
  • ID#: 2210024387
0
Beds
2
Baths
0
½ Baths
0.18
Acres
1,150
SQFT
$239
$/SQFT
1926
Built
Neighborhood:
Ferndale
County:
Oakland
Area:
Ferndale
School District:
FERNDALE
Property Description
Awesome opportunity to buy and build a 6 Unit Apartment. This Charming Two Family Flat Located with walking distance of downtown Ferndale. This is situated on an Oversized Lot and the plans are already done and approved for an expanded new construction with 6 units. The current configuration is a 2 Bedroom Lower Unit with a large living room, formal dining room, and kitchen with maple cabinets. The current lower tenant is paying $550 a month. This 1st floor 2 bedroom unit would rent for $1200/mo. The upper unit is a cute 1 bedroom and the current tenant is paying $550. The 2nd floor could rent for $800/mo. Currently, both units are month to month since the owner had planned to rebuild the 6 units. Gas, Electric and water are split 1/3 paid by upper and 2/3 paid by the lower. One car garage, covered front porch, newer dimensional shingled roof, glass block windows. Property is Zoned R-3 for Multiple Family Residential. Current license as a Multi-Family. The value is in the redevelopment
Exterior Features

Architecture Level 1 1/2 Story Architecture Style Upper/Lower Apartment Construction Materials Aluminum Foundation Details Basement Foundation Materials Block Lot Size Dimensions 73X108 Multifamily Parking Garages Parking Total 1 Pool YN No Porch Type PatioPorch - Enclosed Road Frontage Feet 73 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 2.00 Cooling Window Unit(S) Heating Forced Air Heating Fuel Natural Gas Interior Features Cable AvailableLaundry Facility Room Count 0 Sq Ft Combined 1150 Sq Ft Total Basement 877 Unit Efficiency Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

Property Features

Encroachment YN No Gross Scheduled Income 24000.00 Income Projection Projected Land Contract YN No Listing Financing CashConventional Monthly Rental Income 2000 Net Operating Income 16800.00 Number Of Units Leased 2 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Ferndale Protection Period 90 Rent Includes Garbage PickupWater/Sewer Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 7115.1600 Tax Amount Winter 179.9600 Title Private - Owned Total Tax 7295.1200 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 281 Ardmore Dr Water Source Municipal Water Zoning Multi-Family

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-30T23:56:51.72.
 
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Keller Williams West Bloomfield
30500 Northwestern Hwy Ste 300
Farmington Hills MI, 48334