1529 Silman Street, Ferndale, MI 48220
1529 Silman Street, Ferndale, MI 48220,Video Tour
1529 Silman Street, Ferndale, MI 48220
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Leslie Baker

Leslie Baker

+1(616) 218-0650
$314,900
Est. payment /mo
2 Baths
4,791 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20261042215

Year Built 1923

Annual Tax Amount $8,640

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 45X107.5

Source Realcomp

Property Description

Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income.The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income.The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants.Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment.Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio.Schedule your private tour!Lower unit is currently leased for $1725 and is for a 1 year termMay 2026 through April 2027Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027

Location

State MI

County Oakland

Zoning Multi-Family,Residential

Direction T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 401, ALSO E 1/2 OF LOT 402, ALSO 1/2 OF VAC ALLEY ADJ TO SAME 12- 10-14 CORR

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Brick,Vinyl Siding

Schools

School District Hazel Park

Others

Tax ID 2535405036

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.zillow.com/view-imx/fb35a2e0-90e3-4ffc-950c-77ad9ff77614?initialViewType=pano

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Listed by Anthony Djon Luxury Real Estate

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Leslie Baker

Leslie Baker

+1(616) 218-0650

Agent | License ID: 6506046760

Agent License ID: 6506046760

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