141 FERNDALE Avenue new Save Request In-Person Tour Request Virtual Tour
Rochester,MI 48307
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Rochester
Subdivision Rochester
MLS Listing ID 20250014003
HOA Y/N true
Originating Board Realcomp
Year Built 1942
Annual Tax Amount $6,331
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50.00 x 150.00
Property Description
Welcome to 141-143 Ferndale Ave, perfectly situated in a prime location within walking distance of downtown Rochester. This charming, side-by-side updated ranch duplex is a fantastic income-generating opportunity through Airbnb.Each renovated unit boasts one bedroom and two full bathrooms, providing ample space and comfort. The property currently generates $3,800 per month in gross income combined from both units. Please note that each unit requires a minimum stay of 27 days, as mandated by the city of Rochester. The following appliances are included with the property: refrigerators, stoves, and washers and dryers (in each unit).This unique property offers various opportunities, including continuing its successful rental income stream, living in one unit while renting the other, or considering a teardown and rebuild to create a new residential home. Please note that the property is furnished; however, furniture is not included in the sale. With homes in the neighborhood experiencing exceptionally high values, this property is an excellent investment opportunity. Don't miss out on the potential that 141-143 Ferndale Ave has to offer! Property is non homestead.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family,Residential
Direction South of W Tienken Rd & West of S Rochester Rd
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Rochester
Others
Tax ID 1510280006
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan