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    FOR SALE
    Residential income homes

    415 Hilton Rd Ferndale, MI 48220

    1,656 SF Built 2000
    Property ID
    US43-0262014
    415 Hilton Rd, Ferndale, MI 48220 For Sale 1 / 76
    $555,000 1,656 SF
    415 Hilton Rd, Ferndale, MI 48220
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2000
    Total area 1,656 SF
    UPID US43-0262014
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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