392 E Cambourne St Ferndale, MI 48220
Estimated payment $2,034/month
Highlights
- Bungalow
- Forced Air Heating System
- Garage
About This Home
Attention! Back on market and fully leased out with two great tenants! Income generating Ferndale duplex within walking distance to downtown! Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper units. Tenants pay all utilities. Upstairs unit is currently rented at $1,100/month through August 2026. Lower unit has had the same tenant for around 30 years, currently paying $1625/month with existing lease in place until January 2028, with rent increases built in to current agreement to $1675/month in February 2026 and to $1725/month in February 2027. Lower unit currently has full access to the backyard, basement, and garage. Fully rental certified, and inspection with city is good through July 2026.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 60x131.5
- Back Yard Fenced
Parking
- Garage
Home Design
- Duplex
- Bungalow
- Block Foundation
- Vinyl Construction Material
Interior Spaces
- 3 Full Bathrooms
- 1,416 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 2527452013
Community Details
Overview
- 2 Units
- Astonsof Knowles Heights Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,138 | $143,970 | $0 | $0 |
| 2023 | $7,026 | $138,770 | $0 | $0 |
| 2022 | $4,351 | $131,980 | $0 | $0 |
| 2021 | $4,336 | $121,240 | $0 | $0 |
| 2020 | $4,150 | $103,820 | $0 | $0 |
| 2019 | $4,181 | $92,720 | $0 | $0 |
| 2018 | $4,169 | $81,560 | $0 | $0 |
| 2017 | $4,109 | $81,240 | $0 | $0 |
| 2016 | $4,062 | $75,280 | $0 | $0 |
| 2015 | -- | $70,280 | $0 | $0 |
| 2014 | -- | $51,760 | $0 | $0 |
| 2011 | -- | $63,660 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $270,000 | 0.0% | $191 / Sq Ft |
| 09/02/2025 09/02/25 | Rented | $1,100 | 0.0% | -- |
| 08/31/2025 08/31/25 | Pending | -- | -- | -- |
| 08/29/2025 08/29/25 | Under Contract | -- | -- | -- |
| 08/21/2025 08/21/25 | Price Changed | $270,000 | 0.0% | $191 / Sq Ft |
| 08/12/2025 08/12/25 | For Rent | $1,100 | 0.0% | -- |
| 07/21/2025 07/21/25 | For Sale | $275,000 | +22.2% | $194 / Sq Ft |
| 09/07/2022 09/07/22 | Sold | $225,000 | +15.4% | $159 / Sq Ft |
| 06/15/2022 06/15/22 | For Sale | $194,900 | -- | $138 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Devon Title Agency | |
| Warranty Deed | $55,000 | Philip R Seaver Title Co Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,924 | No Value Available | |
| Closed | $220,924 | FHA | |
| Previous Owner | $60,000 | Unknown |
Source: Realcomp
MLS Number: 20251018932
APN: 25-27-452-013
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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