392 E Cambourne Street FerndaleCity, Michigan 48220
- $275,000
Overview
- Residential Income
- 3
- 0
- 1416 sqft
Description
Income generating Ferndale duplex within walking distance to downtown! This is a perfect opportunity to live in one unit while renting out the other, or lease out both units for maximum income generating potential. Currently rental certified through the city until 7/3/26. Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently vacant, but was recently rented out at $1,100/month. Lower unit has had the same tenant for around 30 years, currently paying $1600/month plus $25/month for cat rent with existing lease in place until January 2028, with rent increase built in to current agreement to $1650/month plus cat fee in February 2026 and to $1700/month plus cat fee in February 2027. Lower unit has full access to the backyard, driveway, basement, and garage.
Address
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Address: 392 E Cambourne Street FerndaleCity, Michigan 48220
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City: Ferndale City
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State/county: Michigan
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Zip/Postal Code: 48220
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Area: Astonsof Knowles Heights
Details
Updated on August 17, 2025 at 7:13 am-
Property ID 20251018932
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Price $275,000
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Property Size 1416 sqft
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Bathrooms 3
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Garage 0
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Year Built 1937
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Type Residential Income
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Property Status For Sale
Additional details
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Test Test Data
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Lot Size Dimensions 60X131.5
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Lot Size Acres 0.18
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Subdivision Name ASTONSOF KNOWLES HEIGHTS
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Road Frontage Type Paved
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Architectural Style Bungalow, Duplex
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Basement Full, Unfinished
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Bathrooms Full 3
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Bathrooms Total 3
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Water Source Public
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County or Parish Oakland
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Price Per Sq Ft 194.21
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