USAMIFerndaleAston's Sub of Knowles Heights392 E Cambourne St
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$275,000

392 E Cambourne St, Ferndale, MI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1416 sqft
Garage Yes
Taxes $10,213
Days Active 21
Lot Size 
Approx. Age 1937
Avg. Price Per Sqft $194
MLS® Number 20251018932

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number20251018932
Laundry Level
Central VacNo
FireplaceNo
Acreage0.18
Exterior
GarageYes
Approx. Age1937
BasementFull, Unfinished
DrivewayGarage
Garage Spaces
HeatForced Air, Natural Gas
A/CWindow Units
Heating Fuel

Extras

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