$310,000

250 Spencer St Ferndale, MI 48220

Estimated payment $2,348/month

Total Views 477
3 Beds
2 Baths
1,452 Sq Ft
$213 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Porch
  • Forced Air Heating System

About This Home

Great 2-Family Income Opportunity with Approved Landlord License!
This well-maintained duplex is ideal for both investors and owner-occupants. The lower level offers a spacious 2-bedroom apartment with a full kitchen and bath. Upstairs, you’ll find a charming 1-bedroom apartment with wood floors, a full kitchen, and a bath—perfect for a young professional, student, or anyone seeking their own private space.
The property features a separate rear entrance for the upper unit, shared laundry facilities in the basement (with potential to add coin-operated machines for extra income), and all appliances included. The exterior has been recently painted, and the home sits on a massive backyard where the city has indicated an ADU could be approved for even more income potential.
This is the perfect chance to live in one unit and rent out the other—a true rental hack—or expand your portfolio with a solid income-producing property.

Showing's will be granted after receiving a purchase agreement. The unit's are currently leased.

Listing Agent

Dylan Tent

Signature Sotheby's International Realty Nvl License #6501393241 Listed on: 09/05/2025

Signature Sotheby's International Realty Nvl

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 37.5x159

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,452 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2534476018

Community Details

Overview

  • 2 Units
  • Woodward Homes Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 116150.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1452
  • Total Sq Ft: 1452
  • Sq Ft Total Bsmt: 726

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 37.5X159
  • Parcel Number: 2534476018
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 8048.0000
  • Tax Amount Winter: 245.0000
  • Total Tax: 8293.0000
  • Taxable Value: 116150.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

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 $8,048 $116,150 $0 $0
2023 $3,651 $106,700 $0 $0
2022 $3,613 $96,460 $0 $0
2021 $3,601 $88,960 $0 $0
2020 $3,452 $82,350 $0 $0
2019 $3,476 $71,870 $0 $0
2018 $3,528 $61,850 $0 $0
2017 $3,621 $60,640 $0 $0
2016 $3,558 $56,170 $0 $0
2015 -- $50,350 $0 $0
2014 -- $44,000 $0 $0
2011 -- $43,640 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $310,000 +51.2% $213 / Sq Ft
05/19/2023 05/19/23 Sold -- -- --
05/19/2023 05/19/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $205,000 -- $141 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Capital Title
Warranty Deed -- Capital Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- First American Title Ins Co
Quit Claim Deed -- First American Title Ins Co
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- American Titleworks
Deed $117,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,750 Credit Line Revolving
Previous Owner $102,400 New Conventional
Previous Owner $111,500 New Conventional
Previous Owner $111,500 New Conventional
Closed -- No Value Available
Source: Public Records

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Source: Realcomp

MLS Number: 20251032414

Realcomp

APN: 25-34-476-018