$460,000
COMING SOON

242 W Webster St Ferndale, MI 48220

Estimated payment $3,667/month

4 Beds
2 Baths
1,860 Sq Ft
4,356 Sq Ft Lot

About This Home

Fully renovated duplex in Ferndale, just minutes from downtown. Both units feature private balconies, 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 within last 3yrs). Excellent income producing property. The first floor unit is set up as a short term rental with Airbnb, with 100% occupancy for the last 2 years, averaging $2,300 monthly. Second floor unit is currently leased at $1,930 a month with a consistent 2+ year rental history (lease ending September 2025) Perfect for investors or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity. Owner is a licensed agent.

Listing Agent

Wendi Miller

Good Company License #6501366866 Listed on: 08/02/2025

Good Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x122

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,860 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2534452047

Community Details

Overview

  • 2 Units
  • Adolph Slomans Woodward Blvd Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 200560.0000
  • Pets Allowed: Call
  • Special Features: ComingSoon
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 1860
  • Total Sq Ft: 1860
  • Sq Ft Total Bsmt: 930

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35X122
  • Parcel Number: 2534452047
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1930

Tax Info

  • Tax Amount Summer: 13507.0000
  • Tax Amount Winter: 389.0000
  • Total Tax: 13896.0000
  • Taxable Value: 184110.0000

Multi Family

  • Gross Scheduled Income: 50000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Ferndale

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $13,507 $200,560 $0 $0
2023 $13,408 $180,850 $0 $0
2022 $13,035 $167,000 $0 $0
2021 $12,228 $161,930 $0 $0
2020 $7,551 $103,410 $0 $0
2019 $3,376 $94,940 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $310,000 0.0% $167 / Sq Ft
04/19/2020 04/19/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $310,000 -- $167 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Available
Warranty Deed $150,000 Seaver Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,000 New Conventional
Source: Public Records

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Source: Realcomp

MLS Number: 20251024095

Realcomp

APN: 25-34-452-047