Property 55

Fixed, Rented and Under Market in Ferndale (pt.2)!

Property 54 and 55 are winners. This second turn key rental home in Ferndale again has had all the work done, allowing you to sit back and collect every month. If you’re not familiar with this particular area of metro Detroit, it is an upscale, young, trendy, and centrally located suburb of the city.

This property is another absolutely perfect for an out of town landlord. It’s a 2 BR/1bath with the following details:

  • Professionally painted with warm neutral colors throughout
  • Fully renovated kitchen: tile flooring, new cabinets, new counter tops with ceramic tile backsplash. Desirable stack bar area at counter
  • All new white appliances – fridge, stove, dishwasher, garbage disposal
  • Very nice living room with tons of natural light — perfect for entertaining
  • Refinished hardwood floors in living room and hallway
  • New custom Birmingham style bathroom with slate tile
  • Washer and dryer in separate laundry / utility room
  • Fenced yard
  • Newer central air conditioning
  • Brand new energy efficient furnace
  • Newer energy efficient windows
  • New roof

Rented to a single professional, generating rental income at $950/month.

Tenant also pays ALL utilities.

The cash price is just $81,000…and it’s the best deal in Ferndale right now – right next to property 54!

Below is a list of recent market comparable properties.  We think you will find the renovation to be top notch and our price to be under market. We’ve also selected a quality tenant with a good credit score for worry free management.

Address           Price       Bed         Bath

1920 Almont            $89,900           2                  1

1834 Shelvin           $109,900         2                  1

545 Silman              $108,900         2                  1

1557 Marshall         $109,900         2                  1

Don’t let this tremendous buy get away from you. Submit an offer on this property now!

  • Median Comparable Price In Ferndale $108,900
  • FGP Price: $81,000

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Access: Occupied.  Call for Appointment.  Fresh Green Properties @ (248) 990-1245.