242 W Webster St, Ferndale, MI 48220

$408,000
2
BA
1,860
SqFt
Sold Price
$408,000
List Price
$427,500
Closing Date
Oct 31, 2025
MLS#
20251024095
Status
CLOSED
Bathrooms
2
Subdivision
ADOLPH SLOMANS WOODWARD BLVD

Property Description

Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.

Additional Information

Year Built
1926
Basement Type
Private, Unfinished
Acres
0.10
Style
Colonial, Duplex
Acres
0.10
School District
Ferndale
Heating
Forced Air, Natural Gas

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Courtesy of Good Company 2487335811

Selling Office: KW Domain.

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