415 Hilton Rd Ferndale, MI 48220
- Residential income homes
- 1,656 SF
Current Use by Public Records
- Residential income homes
Property Details for 415 Hilton Rd
- Year built
- 2000
- Property size
- 1,656 SF
- Property type
- Residential income homes
Description
This exceptional seven-unit multifamily investment property, located at 415 Hilton Road in Ferndale, Michigan, presents a compelling opportunity for discerning investors. Built in 2000 and boasting a total of 1,656 square feet, this portfolio is perfectly positioned in a highly sought-after area of Ferndale, close to the vibrant downtown, offering easy access to shopping, dining, entertainment, and lodging. Each of the seven units has undergone a complete remodel, ensuring they are move-in/rental ready. Recent upgrades include fresh paint, new flooring, updated mechanical systems, a new roof, new gutters, and refreshed exterior finishes. The property is zoned for multi-family use, providing flexibility and potential for future growth. Its prime location in Ferndale, a community known for its desirability and strong rental market, makes this an ideal addition to any investment portfolio. The property's condition and location combine to offer strong potential for both short-term and long-term rental income. This is a truly turnkey investment opportunity, ready for immediate income generation. Don't miss this chance to acquire a well-maintained, high-demand multifamily property in a thriving Michigan community. The asking price is $1,300,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.122871
- Latitude
- 42.44983
