351 Edgewood Place, Ferndale, MI 48220
Local realty services provided by:ERA Prime Real Estate Group
351 Edgewood Place,Ferndale, MI 48220
$400,000
- - Beds
- 3 Baths
- 1,972 sq. ft.
- Multi-family
- Active
Listed by: andrea stephan
Office: the stephan group
MLS#:20261040998
Source:MI_REALCOMP
Price summary
- Price:$400,000
- Price per sq. ft.:$202.84
About this home
Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity.
The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces.
The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is tenant occupied with a one year lease.
There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value.
The owner currently pays for lawn care and snow removal.
BTVAI...
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Home facts
- Year built:1925
- Subdivision & Development:ADOLPH SLOMANS WOODWARD BLVD
- Listing ID #:20261040998
- Added:95 day(s) ago
- Updated:September 07, 2026 at 10:01 AM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Basement Description:Common, Common Storage Locker, Unfinished
- Living area:1,972 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1925
- Building area:1,972 sq. ft.
- Lot area:0.1 Acres
- Architectural Style:Upper Lower Apartment
- Construction Materials:Cedar, Vinyl Siding
- Foundation Description:Basement, Block
- Levels:Three
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$400,000
- Price per sq. ft.:$202.84
- Tax amount:$7,676
Features and amenities
- Laundry features:Common Area
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