1447 Albany Street Ferndale, MI $ 360,000
1447 Albany Street
$ 360,000
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1447 Albany Street

Ferndale, MI, 48220
$ 360,000
Bedrooms-- Baths3.2 Sq 1,600

Monthly Estimate*

$ 2,486

1447 Albany Street, Ferndale, MI 48220 - Image 1
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1447 Albany Street, Ferndale, MI 48220 - Image 8
1447 Albany Street, Ferndale, MI 48220 - Image 9

Multi-Family Home for sale in Ferndale, MI

for $360,000 with 3 full baths, 2 half baths. This 1,600 square foot home was built in 1924 on a lot size of 0.14.

Fully Occupied Two-Unit Investment | Updated & Income-Producing. An excellent opportunity to acquire a fully occupied two-unit bungalow offering immediate rental income and long-term investment potential. Both units feature separate entrances, with the main unit offering 2 bedrooms, 2 full baths and 2 half-baths, and the upper unit offering 2 bedrooms and 1 full bath. Significant capital improvements include a 2023 roof, furnaces replaced in 2020 and 2024, a 2023 hot water heater, and fully renovated kitchens and bathrooms in both units in 2018. Additional features include a full basement and spacious backyard. Conveniently located just minutes from downtown Ferndale, with easy access to shopping, dining, parks and other amenities. An income-producing investment with substantial improvements already completed. Do Not Disturb Tenants.

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Multi-Family Active

Price

$ 360,000

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 4,490

Style

Bungalow

Lot Size

0.14

Year Built

1924

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61039285

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 3
Half Baths 2
Bathrooms 5
Year Built 1924
Subdivision Leggett Farm MI
Style Bungalow
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 27600
Ownership Private
Municipality Ferndale
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 1 1/2 Story
Area Ferndale (63258)
Primary City Ferndale
Directions 9 Mile west of Woodward Ave south on Central St left on Albany St.
City Ferndale
School District Ferndale City School District
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 33 LEGGETT FARM SUB LOT 26 BLK D
DOM 0
Postal Code 48220
Price Per Sq Ft Total AG 225
Public Remarks
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Interior
Basement Poured Partially Finished
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Aluminum Vinyl Siding
Lot Size Area 0.14
Lot Dimensions 50X125
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Emil Cherkasov

Listing Agent

Forward Commercial Group

Broker

emil@forwardcommercial.com

Email

Affordability Calculator

$2,861
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,486
Monthly Property Taxes
$374
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/15/2026$360,000 Listed Price

Map


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1447 Albany Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $360,000 with 1,600 sqft and a lot size of 0.14. 1447 Albany Street has 3.2 baths and was built in 1924. The property's zip code is 48220 which is in Ferndale, MI