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541 PEARSON Street Ferndale, MI 48220
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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
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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