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.
Property Details
Price:
$460,000
MLS #:
20251024095
Status:
Active
Beds:
0
Baths:
2
Address:
242 W Webster Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
ADOLPH SLOMANS WOODWARD BLVD
Neighborhood:
02258 – Ferndale
City:
Ferndale
Listed Date:
Aug 2, 2025
State:
MI
Finished Sq Ft:
1,860
ZIP:
48220
Year Built:
1926
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Ferndale
Interior
Bathrooms
2 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Colonial, Duplex
Construction Materials
Brick
Financial
Taxes
$13,896
Map
Community
- Address242 W Webster Street Ferndale MI
- SubdivisionADOLPH SLOMANS WOODWARD BLVD
- CityFerndale
- CountyOakland
- Zip Code48220
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