Property 54

Fixed, Rented and Under Market in Ferndale (pt.1)!

This turn key rental home in Ferndale 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 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: new cabinets, new counter tops, new flooring
• All new appliances – fridge, stove, microwave
• Very nice living room with tons of natural light — perfect for entertaining
• New Berber Carpet in living room and hallway and both bedrooms
• Beautifully manicured backyard with brick paver patio block
• Kenmore washer and dryer in laundry room
• Fenced yard backyard with mature trees
• Brand new energy efficient furnace
• Lots of closet space
• New windows
• New roof
• newly finished exterior

Rented to a single professional, generating rental income at $875/month.

Tenant also pays ALL utilities.

The cash price is just $75,000…and it’s the best deal in Ferndale right now!

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

This property is a winner! Submit an offer on this property now!

• Median Comparable Price In Ferndale $108,900
• FGP Price: $75,000

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