217 E Drayton Street, Ferndale, MI 48220

Ferndale
Local realty services provided by:Better Homes and Gardens Real Estate Connections
217 E Drayton Street,Ferndale, MI 48220
$317,500
  • - Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: keith jourdan
Office: preferred, realtors ltd
MLS#:26038927
Source:MI_MICHRIC

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Price summary

  • Price:$317,500

About this home

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify...

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Home facts

  • Year built:1925
  • Listing ID #:26038927
  • Added:55 day(s) ago
  • Updated:September 22, 2026 at 07:14 AM

Rooms and interior

  • Total bathrooms:1
  • Basement:Yes

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1925
  • Construction Materials:Aluminum Siding

Finances and disclosures

  • Price:$317,500

Parking

  • Total parking spaces:2

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