425 Vester St Ferndale, MI 48220
Ferndale AreaEstimated payment $4,402/month
Highlights
- Very Popular Property
- Forced Air Heating System
- Wood Siding
About This Home
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1916 | Remodeled in 2025
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 55x105
Home Design
- Block Foundation
- Wood Siding
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Basement
Community Details
- 4 Units
- Urbanrest Subdivision
Listing and Financial Details
- Assessor Parcel Number 2527487016
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 | $11,321 | $151,880 | $0 | $0 |
| 2024 | $9,526 | $131,570 | $0 | $0 |
| 2023 | $9,044 | $124,400 | $0 | $0 |
| 2022 | $9,079 | $120,290 | $0 | $0 |
| 2021 | $4,546 | $107,770 | $0 | $0 |
| 2020 | $4,363 | $95,930 | $0 | $0 |
| 2019 | $4,390 | $88,890 | $0 | $0 |
| 2011 | -- | $74,550 | $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 |
|---|---|---|---|---|---|
| 09/11/2026 09/11/26 | For Sale | $619,000 | 0.0% | $223 / Sq Ft | |
| 08/03/2026 08/03/26 | Price Changed | $1,100 | -15.3% | $2 / Sq Ft | |
| 06/21/2026 06/21/26 | Price Changed | $1,299 | -3.7% | $2 / Sq Ft | |
| 06/16/2026 06/16/26 | For Rent | $1,349 | 0.0% | -- | |
| 04/30/2024 04/30/24 | Sold | $455,000 | 0.0% | $244 / Sq Ft | View Prior Sale |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- | |
| 04/29/2024 04/29/24 | For Sale | $455,000 | +46.8% | $244 / Sq Ft | |
| 01/31/2023 01/31/23 | Sold | $310,000 | +3.4% | $166 / Sq Ft | View Prior Sale |
| 12/12/2022 12/12/22 | Pending | -- | -- | -- | |
| 11/18/2022 11/18/22 | For Sale | $299,900 | +22.4% | $161 / Sq Ft | |
| 04/09/2021 04/09/21 | Sold | $245,000 | -2.0% | $128 / Sq Ft | View Prior Sale |
| 03/25/2021 03/25/21 | Pending | -- | -- | -- | |
| 03/24/2021 03/24/21 | For Sale | $249,900 | -- | $130 / 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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $455,000 | None Listed On Document | |
| Warranty Deed | $310,000 | -- | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $245,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Title One Inc | |
| Interfamily Deed Transfer | -- | Title One Inc | |
| Deed | -- | -- | |
| Deed | $143,000 | -- | |
| Deed | $100 | -- | |
| Deed | $89,900 | -- |
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 | $333,750 | New Conventional | |
| Previous Owner | $304,385 | FHA |
Source: Realcomp
MLS Number: 20261073555
APN: 25-27-487-016
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.