217 E Drayton Street Ferndale, MI $ 330,000
217 E Drayton Street
$ 330,000
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217 E Drayton Street

Ferndale, MI, 48220
$ 330,000
Baths0.0

Monthly Estimate*

$ 2,084

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Studio

Multi-Family Home for sale in Ferndale, MI

for $330,000. This home was built in 1925 on a lot size of 0.03.

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all

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Multi-Family Active

Price

$ 330,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.03

Year Built

1925

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

70548600

Features
General
Heating Forced Air
Garage Additional Garage(s)
Status Active Active
Year Built 1925
County Oakland
Class MULTIFAMILY
Type Multi-Family
Municipality Ferndale
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Ferndale (63258)
Primary City Ferndale
City Ferndale
School District Ferndale City School District
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 27 WOODWARD HTS SUB NO 2 LOT 236 ALSO 1/2 OF VAC ALLEY ADJ TO SAME
DOM 1
Postal Code 48220
Public Remarks
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Interior
Basement Other
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Aluminum
Frontage 0
Lot Size Area 0.03
Lot Dimensions 0
Waterfront Y/N No
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* Excluded Features
List By
Keith Jourdan

Listing Agent

Preferred, Realtors Ltd

Broker

keithjourdan@yahoo.com

Email

Affordability Calculator

$2,084
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,084
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
759698 Elementary School
759786 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/28/2026$330,000 Listed Price

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217 E Drayton Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $330,000 with a lot size of 0.03. 217 E Drayton Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 48220 which is in Ferndale, MI