NOT LISTED FOR SALE

590 E Lewiston Ave Ferndale, MI 48220

14 Beds
10 Baths
9,038 Sq Ft
0.3 Acres

Last Sold October 04, 2021

Last sale price $1,300,000 $144 Per Sq Ft

10 Days on Market

Highlights

  • 0.3 Acre Lot
  • Forced Air Heating System
  • High Speed Internet
  • Lobby
  • Laundry Facilities

About This Home

As of October 2021

Call for offers due July 2nd. 10 unit apartment building in highly appreciating Ferndale! Sellers have proven value add through renovating 5 of the units to increase rent significantly. Still 5 units remaining which leave a lot of value for the buyer. Property is extremely clean and well maintained/managed. Management in place could be transferred to the buyer. Multiple offers received. Showings only allowed after accepted LOI or Purchase Agreement. Agent has ownership interest in the property.

Last Agent to Sell the Property

Tory Sheffer

Signature Sotheby's International Realty Bham License #6501386870 Listed on: 06/28/2021

Signature Sotheby's International Realty Bham

Last Buyer's Agent

Tory Sheffer

Signature Sotheby's International Realty Bham License #6501386870 Listed on: 06/28/2021

Signature Sotheby's International Realty Bham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1957 | Remodeled in 2021

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100.00x131.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 10 Full Bathrooms
  • 9,038 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 10 Parking Spaces
  • Off-Site Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2527455005

Community Details

Overview

  • 10 Units
  • Michelson Woods Sub Subdivision

Amenities

  • Laundry Facilities
  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,528

Year Built

Built in 1957 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1957
  • State Equalized Value: 271270.0000
  • Year Renovated: 2021
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 9038
  • Total Sq Ft: 9038
  • Sq Ft Total Bsmt: 4500

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 100
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Off Site
  • Total Parking Spaces: 10

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.30
  • Lot Dimensions: 100.00X131.00
  • Parcel Number: 2527455005
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 12800

Tax Info

  • Tax Amount Summer: 16142.0000
  • Tax Amount Winter: 386.0000
  • Total Tax: 16528.0000
  • Taxable Value: 208460.0000

Multi Family

  • Gross Scheduled Income: 160200.00
  • Number Of Units Total: 10
  • Unit Count: 2
  • Number of One Bedroom Units: 6
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 10

MLS Schools

  • School District: Ferndale

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $1,300,000 0.0% $144 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $1,300,000 -- $144 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tory Sheffer

    Seller's Agent in 2021

    Tory Sheffer

    Signature Sotheby's International Realty Bham

    (248) 897-1444

    2 in this area

    8 Total Sales

    Tory Sheffer
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Map

Source: Realcomp

MLS Number: 2210048156

Realcomp
Michigan Oakland County Ferndale 48220

590 E Lewiston Ave, Ferndale, MI

This home is located at 590 E Lewiston Ave, Ferndale, MI 48220 since 28 June 2021. This property was built in 1957. 590 E Lewiston Ave is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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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