250 Spencer ST Active Save Request In-Person Tour Request Virtual Tour
Ferndale,MI 48220
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,452 sqft
Price per Sqft $203
Subdivision Woodward Homes
MLS Listing ID 20251044924
Style Colonial
Full Baths 2
Year Built 1922
Property Sub-Type MultiFamily
Property Description
Great 2-Family Income Opportunity with Approved Landlord License!
This well-maintained duplex is ideal for both investors and owner-occupants. The lower level offers a spacious 2-bedroom apartment with a full kitchen and bath. Upstairs, you'll find a charming 1-bedroom apartment with wood floors, a full kitchen, and a bath—perfect for a young professional, student, or anyone seeking their own private space.
The property features a separate rear entrance for the upper unit, shared laundry facilities in the basement (with potential to add coin-operated machines for extra income), and all appliances included. The exterior has been recently painted, and the home sits on a massive backyard where the city has indicated an ADU could be approved for even more income potential.
This is the perfect chance to live in one unit and rent out the other—a true rental hack—or expand your portfolio with a solid income-producing property.
Showing's will be granted after receiving a purchase agreement. One unit is currently leased.
Location
State MI
County Oakland
Area Area02258Ferndale
Interior
Heating ForcedAir, NaturalGas
Exterior
Pool None
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Ferndale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard