392 E Cambourne Street Active

Ferndale,MI 48220 1489

$ 275000

- Bed

3 Baths

1416 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,416 sqft

Price per Sqft $194

Subdivision Mi

MLS Listing ID 60920549

Style 2 Story

Full Baths 3

Year Built 1937

Annual Tax Amount $10,213

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 60X131.5

Property Sub-Type Multi-Family

Property Description

Income generating Ferndale duplex within walking distance to downtown! This is a perfect opportunity to live in one unit while renting out the other, or lease out both units for maximum income generating potential. Currently rental certified through the city until 7/3/26. Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently vacant, but was recently rented out at $1,100/month. Lower unit has had the same tenant for around 30 years, currently paying $1600/month plus $25/month for cat rent with existing lease in place until January 2028, with rent increase built in to current agreement to $1650/month plus cat fee in February 2026 and to $1700/month plus cat fee in February 2027. Lower unit has full access to the backyard, driveway, basement, and garage.

Location

State MI

County Oakland

Area Ferndale (63258)

Zoning Residential

Rooms

Basement Block

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Ferndale City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA

View More
Favorite Go Tour