REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Christopher Parker

christopher.parker@exprealty.com +1(989) 812-6249

$1,000,000

Est. payment - /mo

2 Baths

1,600 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $625

Subdivision Mi

MLS Listing ID 61026364

Style 2 Story

Full Baths 2

Year Built 1955

Annual Tax Amount $5,349

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 38 x 255

Property Sub-Type Multi-Family

Property Description

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

Location

State MI

County Oakland

Area Ferndale (63258)

Zoning Residential

Rooms

Basement Block

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Ferndale City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

Read Less Info

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by RE/MAX First

Nearby Locations

GET MORE INFORMATION

Christopher Parker

+1(989) 812-6249

Broker Associate License ID: 164141; 6506049280

Name

Email*

Phone*

Phone

Message

538 Laprairie Street Ferndale, MI 48220 2591

Christopher Parker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION