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Jenn Smart

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617 E Bennett , Ferndale, MI 48220
$225,000
Est. Payment: $1,172.51/mo
0 Bed
3 Bath
1559 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Excellent investment opportunity in Ferndale! This fully occupied bungalow-style duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and updated flooring. Additional property highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, plus a fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Located less than 1.5 miles from downtown Ferndale with convenient access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. An established Oakland County location, strong rental demand, and below-market rents make this an attractive opportunity for investors seeking immediate cash flow with future upside. Please do not disturb the tenants.

Highlights

Listed by Emil Cherkasov , 248-894-3604 and Rachelle Cherkasov , 248-981-8397 Forward Commercial Group , 248-662-5066. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1925

County

Oakland

Area

Ferndale (63258)

Neighborhood

Frank Grix

School District

Ferndale City School District

Listing ID

61023950

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Above Ground Sq Ft:1559
Basement:Poured,Partially Finished
Water:Public Water

Exterior Features

Lot Dimensions:50X105
Zoning:Residential
Others:
  • Additional:Deck, Porch
Principal Interest
$1,173
Taxes
$617

Home Price

$225,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$45,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,172.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,172.51 $617.08 $0.00 $1,789.59
Yearly $14,070.08 $7,405.00 $0.00 $21,475.08
Total $422,102.27 $222,150.00 $0.00 $644,252.27
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Ferndale, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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