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392 E Cambourne ST Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 1,416 sqft
Price per Sqft $191
Subdivision Astonsof Knowles Heights
MLS Listing ID 20251018932
Sold Date 10/27/25
Style Bungalow,Duplex
Full Baths 3
Year Built 1937
Property Sub-Type MultiFamily
Property Description
Attention! Back on market and fully leased out with two great tenants! Income generating Ferndale duplex within walking distance to downtown! Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently rented at $1,100/month through August 2026. Lower unit has had the same tenant for around 30 years, currently paying $1625/month with existing lease in place until January 2028, with rent increases built in to current agreement to $1675/month in February 2026 and to $1725/month in February 2027. Lower unit currently has full access to the backyard, basement, and garage. Fully rental certified, and inspection with city is good through July 2026.
Location
State MI
County Oakland
Area Area02258Ferndale
Rooms
Basement Full, Unfinished
Interior
Heating ForcedAir, NaturalGas
Cooling WindowUnits
Exterior
Parking Features Garage
Fence BackYard, Fenced
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Ferndale
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
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Bought with The Agency Hall & Hunter
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