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$375,000
1 Day On Site

400 E Cambourne Street
Ferndale City, MI 48220

For Sale|Multi Family|Active
4
Beds
2
Total Baths
2
Full Baths
2,000
SqFt
$188
/SqFt
1929
Built
Subdivision:
ASTONSOF KNOWLES HEIGHTS
County:
Oakland
Call Now: (248) 788-6318
Is this the listing for you? We can help make it yours.
(248) 788-6318
400 E Cambourne Street400 E Cambourne Street400 E Cambourne Street400 E Cambourne Street
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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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Listing Snapshot
Price 
$375,000
Days On Site 
1 Day
Bedrooms 
4
Inside Area (SqFt) 
2,000 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.09 Acres
Year Built 
1929
MLS® Number 
20261083917
Status 
Active
Property Tax 
$9,645
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.09
Cross Street 
Woodward and 9 Mile
Disclosures 
Actual Income, Legal Rental Certified, Taxes Not Homestead Exempt
Foundation 
Block
Levels 
Two
Pets 
No
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
2000
Style 
ColonialTudor
Water Source 
Public
Zoning 
MultiFamily, Residential
Interior Features
Basement 
Interior EntryUnfinished
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
BrickStucco
Pool Features 
None
Community Features
MLS Area 
Area02258Ferndale
School District 
Ferndale
Financing Terms Available 
CashConventionalFHAVA Loan1031 ExchangeTrade
Roads 
Paved
Schools
School District
Ferndale
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of CJR Realty: chris@simplymanagedpm.com



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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