552 Laprairie Street Ferndale, MI $ 1,000,000
552 Laprairie Street
$ 1,000,000
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552 Laprairie Street

Ferndale, MI, 48220
$ 1,000,000
Baths2.0 Sq 1,612

Monthly Estimate*

$ 6,314

552 Laprairie Street, Ferndale, MI 48220 - Image 1
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Studio

Multi-Family Home for sale in Ferndale, MI

for $1,000,000 with 2 full baths. This 1,612 square foot home was built in 1953 on a lot size of 0.22.

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. | Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,202

Style

Bungalow

Lot Size

0.22

Year Built

1953

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61026365

Features
General
Heating Forced Air
Cooling Central A/C
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1953
Subdivision Woodward Farms MI
Water Heater Gas
Style Bungalow
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 22800
Ownership Private
Municipality Ferndale
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ferndale (63258)
Primary City Ferndale
Directions South on Laprairie from Marshall
City Ferndale
School District Ferndale City School District
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 34 WOODWARD FARMS SUB N 38.2 FT OF LOT 183
DOM 1
Postal Code 48220
Price Per Sq Ft Total AG 620.35
Public Remarks Truly a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row
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Interior
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick
Exterior Amenities Porch
Frontage 38
Lot Size Area 0.22
Lot Dimensions 385 x 255
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Keith Weber

Listing Agent

Re/Max First

Broker

KeithAlanWeber@gmail.com

Email

Affordability Calculator

$6,748
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$434
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
9/1/2026$1,000,000 Listed Price

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552 Laprairie Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $1,000,000 with 1,612 sqft and a lot size of 0.22. 552 Laprairie Street is a studio with 2.0 baths and was built in 1953. The property's zip code is 48220 which is in Ferndale, MI