400 E Cambourne Street Ferndale, MI $ 375,000
400 E Cambourne Street
$ 375,000
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400 E Cambourne Street

Ferndale, MI, 48220
$ 375,000
Bedrooms-- Baths2.0 Sq 2,000

Monthly Estimate*

$ 2,590

400 E Cambourne Street, Ferndale, MI 48220 - Image 1
400 E Cambourne Street, Ferndale, MI 48220 - Image 2
400 E Cambourne Street, Ferndale, MI 48220 - Image 3
400 E Cambourne Street, Ferndale, MI 48220 - Image 4
400 E Cambourne Street, Ferndale, MI 48220 - Image 5
400 E Cambourne Street, Ferndale, MI 48220 - Image 6
400 E Cambourne Street, Ferndale, MI 48220 - Image 7

Multi-Family Home for sale in Ferndale, MI

for $375,000 with 2 full baths. This 2,000 square foot home was built in 1929 on a lot size of 0.09.

Fully occupied 2 unit investment property. Updated and income producing from day one! This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife! Rents can be increased to market rates for an increase in income. There is a common hallway and basement. All utilities except water are separated out. Property has been certified with Ferndale consistently as a rental. Capital improvements made by current owner are: Secure Garage to current codes (old grandfathered in large garage) Installed central AC Sewer lines upgraded to PVC House hack and live in 1 unit renting the other to cover a majority of the mortgage. Current taxes are non homestead. Please note that this property has no driveway. Do not approach property or disturb current tenants!!! Listing agent is part of the ownership of listing.

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Multi-Family Active

Price

$ 375,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 9,645

Style

Colonial,Tudor

Lot Size

0.09

Year Built

1929

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61039356

Features
General
Heating Forced Air
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1929
Subdivision Astonsof Knowles Heights MI
Style Colonial Tudor
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 23000
Municipality Ferndale
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ferndale (63258)
Primary City Ferndale
Directions North on Woodward East on Cambourne to property
City Ferndale
School District Ferndale City School District
Financial Terms Cash Conventional Exchange/Trade FHA VA
Legal Description T1N R11E SEC 27 ASTONS SUB OF KNOWLES HTS LOT 101
DOM 1
Postal Code 48220
Price Per Sq Ft Total AG 187.5
Public Remarks
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Interior
Basement Block Common
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick
Lot Size Area 0.09
Lot Dimensions 30X131.5
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Christopher Stearns

Listing Agent

Cjr Realty

Broker

chris@simplymanagedpm.com

Email

Affordability Calculator

$3,394
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,590
Monthly Property Taxes
$804
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$375,000 Listed Price

Map


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400 E Cambourne Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $375,000 with 2,000 sqft and a lot size of 0.09. 400 E Cambourne Street has 2.0 baths and was built in 1929. The property's zip code is 48220 which is in Ferndale, MI