415 Hilton RdFerndale, MI 48220

For Sale
$1,300,000

Seven-unit portfolio, remodeled, high-demand location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional seven-unit multifamily investment property, located at 415 Hilton Road in Ferndale, Michigan, presents a compelling opportunity for discerning investors. Built in 2000 and boasting a total of 1,656 square feet, this portfolio is perfectly positioned in a highly sought-after area of Ferndale, close to the vibrant downtown, offering easy access to shopping, dining, entertainment, and lodging. Each of the seven units has undergone a complete remodel, ensuring they are move-in/rental ready. Recent upgrades include fresh paint, new flooring, updated mechanical systems, a new roof, new gutters, and refreshed exterior finishes. The property is zoned for multi-family use, providing flexibility and potential for future growth. Its prime location in Ferndale, a community known for its desirability and strong rental market, makes this an ideal addition to any investment portfolio. The property's condition and location combine to offer strong potential for both short-term and long-term rental income. This is a truly turnkey investment opportunity, ready for immediate income generation. Don't miss this chance to acquire a well-maintained, high-demand multifamily property in a thriving Michigan community. The asking price is $1,300,000.

Highlights

  • $1,300,000 asking price for a 7-unit multifamily property.
  • Seven single-family rental units in a portfolio.
  • 1,656 square feet total.
  • Built in 2000, with multi-family zoning.
  • Recently renovated with new flooring, mechanicals, roof, gutters, and exterior finishes.
  • Located in Ferndale, MI, in a highly desirable area near shopping, dining, and entertainment.

Property Details for 415 Hilton Rd

Property type
Multifamily properties, Residential income homes
Square Feet
1,656 SF
Year Built
2000
Units
7

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.44983
Longitude
-83.122871
415 Hilton Rd, Ferndale, Michigan

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415 Hilton Rd
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