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5 Baths
1,600 sqft

$360,000

1447 Albany Street, Ferndale MI, 48220 3138

Price per sqft$225.00
Built in1924
Property size1,600 sqft
Property typeResidential

Overview

Active

Listed Oct 15, 2026

Updated 4 days ago

Fully Occupied Two-Unit Investment | Updated & Income-Producing. An excellent opportunity to acquire a fully occupied two-unit bungalow offering immediate rental income and long-term investment potential. Both units feature separate entrances, with the main unit offering 2 bedrooms, 2 full baths and 2 half-baths, and the upper unit offering 2 bedrooms and 1 full bath. Significant capital improvements include a 2023 roof, furnaces replaced in 2020 and 2024, a 2023 hot water heater, and fully renovated kitchens and bathrooms in both units in 2018. Additional features include a full basement and spacious backyard. Conveniently located just minutes from downtown Ferndale, with easy access to shopping, dining, parks and other amenities. An income-producing investment with substantial improvements already completed. Do Not Disturb Tenants.

$2,395/mo

Est. mortgage payment based on a $360,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
61039285

Interior Features

Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$4,490
Tax Frequency
Annually
MLS provider logo

Listed by Emil Cherkasov with Forward Commercial Group
Listing Contact: 248-894-3604 

Based on information originating from the MiRealSource as of 10/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/17/2026 at 6:15 AM UTC

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