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    281 Ardmore Drive

    Ferndale, MI 48220
    • $275,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: 2210024387
    UPDATED: 81 min ago
    $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 RE/MAX Nexus 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: 2021-08-03T18:03:02.91.
    www.nexushomesearch.com/homes/115974866
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    281 Ardmore Drive Ferndale, MI 48220

    • Price: $275,000
    • Status: Active
    • Updated: 81 min ago
    • 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

    IDX provided courtesy of Realcomp II Ltd., via Re/Max Nexus and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus 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: 2021-08-03T18:03:02.91.
     
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