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

Ferndale, MI, 48220
$ 360,000
Bedrooms4 Baths3.2 Sq 2,400

Monthly Estimate*

$ 2,486

1447 Albany Street, Ferndale, MI 48220 - Image 1
1447 Albany Street, Ferndale, MI 48220 - Image 2
1447 Albany Street, Ferndale, MI 48220 - Image 3
1447 Albany Street, Ferndale, MI 48220 - Image 4
1447 Albany Street, Ferndale, MI 48220 - Image 5
1447 Albany Street, Ferndale, MI 48220 - Image 6
1447 Albany Street, Ferndale, MI 48220 - Image 7
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 4 bedrooms and 3 full baths, 2 half baths. This 2,400 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

Bedrooms

4

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 4,490

Style

Bungalow,Upper Lower Apartment

Lot Size

0.14

Year Built

1924

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

20261083867
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Bungalow UpperLowerApartment
Pool Features None
Construction Materials AluminumSiding VinylSiding
Pets Allowed Call
Year Built 1924
Levels OneAndOneHalf
Property Subtype MultiFamily
County Oakland
Net Operating Income 27600.0
Operating Expense 8100.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LEGGETT FARM
Garage Y/N N
Rent Includes Water YardMaintenance
Full Baths 3
Status Active
Directions 9 Mile west of Woodward Ave south on Central St left on Albany St.
City FerndaleCity_Oakland
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ferndale
Zoning Description 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 4490.0
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 63350
Expected Active Date 2026-10-15
Legal Description T1N R11E SEC 33 LEGGETT FARM SUB LOT 26 BLK D
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Interior
Basement Full PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1600.0
Half Baths 2
Below Grade Finished Area 800.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 50X125
Lot Size Acres 0.14
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 1447
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* Excluded Features
List By
Emil Cherkasov

Listing Agent

Forward Commercial Group

Broker

(248) 662-5066

Phone

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
848457 Elementary School
847983 Middle School
Unknown High School High School
See complete school information
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 2,400 sqft and a lot size of 0.14. 1447 Albany Street has 4 bedrooms, 3.2 baths, and was built in 1924. The property's zip code is 48220 which is in Ferndale, MI

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