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
Bedrooms4 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 4 bedrooms and 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

Bedrooms

4

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

20261083917

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style Colonial Tudor
Pool Features None
Construction Materials Brick Stucco
Pets Allowed No
Year Built 1929
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 23000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ASTONSOF KNOWLES HEIGHTS
Garage Y/N N
Rent Includes Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 2
Status Active
Directions North on Woodward East on Cambourne to property
City FerndaleCity_Oakland
Disclosures ActualIncome LegalRentalCertified TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ferndale
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area02258Ferndale
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 9645.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 137560
Expected Active Date 2026-10-15
Legal Description T1N R11E SEC 27 ASTONS SUB OF KNOWLES HTS LOT 101
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Interior
Basement Common InteriorEntry PrivateStorageLocker Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2000.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 30X131.5
Lot Size Acres 0.09
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 400
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* Excluded Features
List By
Christopher Stearns

Listing Agent

Cjr Realty

Broker

(313) 887-4410

Phone

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
848457 Elementary School
847983 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 4 bedrooms, 2.0 baths, and was built in 1929. The property's zip code is 48220 which is in Ferndale, MI