$400,000

351 Edgewood Place, Ferndale, MI 48220

  • 3 baths |
  • 1,972 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $203/sqft
  • Property List Date Icon Listed 16 days ago

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 currently vacant after a long-term tenant. 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

Listing Status:
Active
Date Added:
June 4, 2026
Data Last Updated:
June 20, 2026 at 7:45AM
Listing Office:
The Stephan Group : 248-590-2067
Listing Agent:
Andrea Stephan : 586-216-6990
MLS ID:
60998960
  • Laundry: Common Area
  • Basement: BlockCommon
  • Heating: Forced Air
  • General: CedarVinyl SidingBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Ferndale City School District
  • County: Oakland
  • Zoning: T1NR11ESEC 34 ADOLPH SLOMAN'S WOODWARD BLVD SUB LOT 419ALSO VAC ALLEY ADJ TO SAME
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Andrea Stephan , The Stephan Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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