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351 Edgewood

Ferndale, MI 48220
  • $400,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 20261040998
UPDATED: 59 min ago
$400,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,972
    SQFT
  • $203
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is tenant occupied with a one year lease. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

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[MiRealSource] logo ©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: 2026-08-08T16:52:19.22.
www.sellsmi.com/homes/177234298
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351 Edgewood Ferndale, MI 48220

  • Price: $400,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 59 min ago
  • MLS #: 20261040998
0
Beds
3
Baths
0
½ Baths
0.1
Acres
1,972
SQFT
$203
$/SQFT
1925
Built
Neighborhood:
Adolph Slomans Woodward Blvd
County:
Oakland
Area:
Ferndale (63258)
School District:
Ferndale City School District
Property Description
Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is tenant occupied with a one year lease. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI
Exterior Features

Exterior Construction CedarVinyl Siding Foundation Type Basement Lot Size 35X121.3 Roads Paved Street Waterfront YN No

Interior Features

Basement Type BlockCommon Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Community Amenities Laundry Facility Financial Terms CashConventionalFHA For Sale Or Rent For Sale Lease YN Yes Municipality Ferndale Municipality Type City Net Operating Income 44400 Ownership Private Property Type Multi-Family SEV 132420 Subject To Short Sale Approval No Summer Tax Amount 7421 Taxable Value 121440 Total Tax Amount 7676 Water Public Water Winter Tax Amount 255 Zoning Residential

Listing courtesy of The Stephan Group : 248-590-2067.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©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: 2026-08-08T16:52:19.22.
 
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5400 Gateway Center Ste B
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