Ferndale, MI 48220,541 PEARSON Street

$281,500

$279,900

0.6%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,354 SqFt


SOLD DATE : 01/22/2024

Key Details

Sold Price $281,500

Property Type Multi-Family

Sub Type Upper/Lower Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 1,354 sqft

Price per Sqft $207

Subdivision Elsinore Sub

MLS Listing ID 20230096636

Sold Date 01/22/24

Style Upper/Lower Apartment

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1923

Annual Tax Amount $3,866

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40x122

Property Description

Rare opportunity! Turn key income producing property in thriving downtown location! Only a few minutes walk to shopping, nightlife, restaurants, entertainment, and more! Near major expressways and famous Woodward Ave! Lower unit features hardwood floors, neutral paint throughout, a fantastic kitchen, spacious living room, and applications are currently being reviewed for $1295/mo. rate. Upper unit is currently rented at $995/mo. until Nov. 2024. Full basement includes a newer furnace and hot water tank. Appliances included. Tenants pay utilities, Electric has separate meters, gas/water is shared. Landlord owns stove/fridge in both units and washer and dryer in basement. Rental Certified through 9/6/25.

Location

State MI

County Oakland

Area Ferndale

Zoning Multi-Family

Direction S OF 9 MILE, WEST OF WOODWARD

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Upper/Lower Apartment

Level or Stories 1 1/2 Story

Structure Type Aluminum

Schools

School District Ferndale

Others

Pets Allowed Yes

Tax ID 2534152018

Ownership Short Sale - No,Private Owned

Assessment Amount $183

Acceptable Financing Cash, Conventional, FHA, VA, Warranty Deed

Listing Terms Cash, Conventional, FHA, VA, Warranty Deed

Financing Cash,Conventional,FHA,VA,Warranty Deed

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Realcomp MLS
Listed by James T Silver of Keller Williams Somerset
Bought with Good Company
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