400 E Cambourne Street, Ferndale, MI 48220

Property Description

Fully occupied 2 unit investment property. Updated and income producing from day one!This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife!Rents can be increased to market rates for an increase in income.There is a common hallway and basement.All utilities except water are separated out.Property has been certified with Ferndale consistently as a rental.Capital improvements made by current owner are:Secure Garage to current codes (old grandfathered in large garage)Installed central ACSewer lines upgraded to PVCHouse hack and live in 1 unit renting the other to cover a majority of the mortgage.Current taxes are non homestead.Please note that this property has no driveway.Do not approach property or disturb current tenants!!!Listing agent is part of the ownership of listing.