217 E Drayton St Ferndale, MI 48220
Ferndale AreaEstimated payment $2,507/month
About This Home
TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.
Property Details
Home Type
- Apartment
Year Built
- Built in 1925
Home Design
- Aluminum Siding
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
Additional Features
- 1 Bathroom
- Laundry in Basement
- 1,626 Sq Ft Lot
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,237 | $160,490 | $0 | $0 |
| 2024 | $8,090 | $155,440 | $0 | $0 |
| 2023 | $7,816 | $146,510 | $0 | $0 |
| 2022 | $7,751 | $135,300 | $0 | $0 |
| 2021 | $7,725 | $129,750 | $0 | $0 |
| 2020 | $7,393 | $125,850 | $0 | $0 |
| 2019 | $7,448 | $114,810 | $0 | $0 |
| 2018 | $7,426 | $96,950 | $0 | $0 |
| 2017 | $7,517 | $95,650 | $0 | $0 |
| 2016 | $3,107 | $69,810 | $0 | $0 |
| 2015 | -- | $63,990 | $0 | $0 |
| 2014 | -- | $52,880 | $0 | $0 |
| 2011 | -- | $50,210 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2026 08/11/26 | Pending | -- | -- | -- | |
| 07/28/2026 07/28/26 | For Sale | $330,000 | +72.3% | -- | |
| 05/06/2016 05/06/16 | Sold | $191,500 | +13.3% | $130 / Sq Ft | View Prior Sale |
| 04/06/2016 04/06/16 | Pending | -- | -- | -- | |
| 04/02/2016 04/02/16 | For Sale | $169,000 | -- | $115 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $191,500 | Devon Title Agency | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Title Quest Agency |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $143,625 | New Conventional | |
| Previous Owner | $93,906 | New Conventional | |
| Previous Owner | $94,800 | Unknown | |
| Previous Owner | $73,600 | New Conventional | |
| Previous Owner | $60,000 | Balloon |
Source: MichRIC
MLS Number: 26038927
APN: 25-27-326-027
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Information is deemed reliable but not guaranteed.
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