421 W Troy Street Ferndale MI 48220 MLS #20251020081

421 W Troy Street
Ferndale, MI, 48220
$340,000
Beds
2 Baths
1,484 SqFt
0.12 Acres
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Showing times are limited due to the tenants at home work schedule. Please make all requests to show with as much lead time as possible. Welcome to one of the best blocks in Ferndale where charm, community, and convenience come together in a city known for its vibrant energy and eclectic spirit. Ferndale is for fun, and this fantastic multi-family property places you right in the heart of it all. Just steps from downtown, with its local shops, dining, coffeehouses, and nightlife, this home is an ideal opportunity for both savvy investors and owner-occupants alike. Both leases are up this Fall. The second floor tenant pays $980 and may want to renew. The property features numerous updates for modern living, including newer windows, roof, and furnace. The interiors have been freshly painted, and the lower unit’s updated kitchen shines with quartz countertops and a clean, contemporary feel. Central air conditioning ensures comfort during warm summer months, while a newer front porch adds welcoming curb appeal. Whether you’re looking for dual-rental income, multigenerational living, or want to convert the property into a spacious single-family home with an upstairs primary suite, this home offers versatile possibilities. The partially finished basement includes a separate room that can be used for storage, office space, or additional living area. Special added features include a carport, garden boxes, storage shed, and all appliances round out the list of thoughtful extras. Licensed as a rental with the City of Ferndale, this property is a turnkey income generator in one of Metro Detroit’s most sought-after and walkable communities. Don’t miss your chance to own a well-appointed, flexible-use home in a location that truly has it all. Schedule your private showing today and see how fun and functional Ferndale living can be.

Property Details

Price:
$340,000
MLS #:
20251020081
Status:
Active
Beds:
0
Baths:
2
Address:
421 W Troy Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
ELSINORE
Neighborhood:
02258 – Ferndale
City:
Ferndale
Listed Date:
Jul 29, 2025
State:
MI
Finished Sq Ft:
1,484
ZIP:
48220
Year Built:
1924
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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…

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Schools

School District:
Ferndale

Interior

Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Forced Air, Natural Gas
Laundry Features
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup

Exterior

Architectural Style
Bungalow
Community Features
Sidewalks
Construction Materials
Aluminum Siding, Vinyl Siding
Exterior Features
Lighting
Parking Features
Garage, On Street, Parking Pad
Parking Spots
2
Roof
Asphalt

Financial

Net Operating Income
$2,900
Taxes
$4,376

Map

Community

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421 W Troy Street
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