Description
NEW ROOF WITH A NEW HOT WATER TANK AND FURNACE GOING IN AT CLOSING. Unlock the potential in this solid Detroit property located right on the edge of Ferndale and Royal Oak, offering rare proximity to three major lifestyle corridors - Downtown Detroit, Downtown Ferndale, and Downtown Royal Oak. Whether you're an investor seeking your next rehab project or an owner-occupant planning to use an FHA 203k renovation loan, this home delivers outstanding upside in a high-demand location. Just two blocks from the Meijer-anchored retail complex, you'll have immediate access to groceries, shopping, restaurants, and daily conveniences - an amenity package that's hard to beat at this price point. The property needs renovation, but the fundamentals are here with virtual before and after pictures to demonstrate what's possible. With strong surrounding values and high rental demand, this is a location that continues to benefit from ongoing reinvestment along the Eight Mile corridor. Perfect for a full redesign, long-term hold, or a customized owner-occupied renovation. After repair values for this area average about $250,000, excellent upside. Seller will consider all offers.
-
3BEDS
-
0.09ACRES
-
1BATHS
-
11/2 BATHS
-
1,495SQFT
-
$80$/SQFT
Description
NEW ROOF WITH A NEW HOT WATER TANK AND FURNACE GOING IN AT CLOSING. Unlock the potential in this solid Detroit property located right on the edge of Ferndale and Royal Oak, offering rare proximity to three major lifestyle corridors - Downtown Detroit, Downtown Ferndale, and Downtown Royal Oak. Whether you're an investor seeking your next rehab project or an owner-occupant planning to use an FHA 203k renovation loan, this home delivers outstanding upside in a high-demand location. Just two blocks from the Meijer-anchored retail complex, you'll have immediate access to groceries, shopping, restaurants, and daily conveniences - an amenity package that's hard to beat at this price point. The property needs renovation, but the fundamentals are here with virtual before and after pictures to demonstrate what's possible. With strong surrounding values and high rental demand, this is a location that continues to benefit from ongoing reinvestment along the Eight Mile corridor. Perfect for a full redesign, long-term hold, or a customized owner-occupied renovation. After repair values for this area average about $250,000, excellent upside. Seller will consider all offers.
![[MiRealSource] logo](https://static.boomtownroi.com/content/photos/realsource/idx/idx-large.gif)
©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data last updated: 2026-04-18T09:48:30.193.