About 242 W Webster Street
Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.
Features of 242 W Webster Street
| MLS® # | 20251024095 |
|---|---|
| Price | $427,500 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,860 |
| Acres | 0.10 |
| Year Built | 1926 |
| Type | Multifamily |
| Sub-Type | Colonial, Duplex |
| Style | Colonial, Duplex |
| Status | Active |
Community Information
| Address | 242 W Webster Street |
|---|---|
| Area | 02258 - Ferndale |
| Subdivision | ADOLPH SLOMANS WOODWARD BLVD |
| City | Ferndale city |
| County | Oakland |
| State | Michigan |
| Zip Code | 48220 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Brick |
|---|---|
| Foundation | Basement, Block |
School Information
| District | Ferndale |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Good Company |
|---|---|
| Contact Info | Wendi@wendimillerhomes.com |