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

Pool No

Waterfront no

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 Keller Williams Somerset
Bought with Good Company
agent-avatar

+1(248) 550-1101

brett@brettsmithrealty.com

28780 John R Rd, Madison Heights, MI, 48071, USA

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