Cathy Smith Realtor since 2000
Real Estate Sales, & Internet Marketing since 2000
REALTOR®, 2000000409
BEDS0
BATHS
MLS#26038927
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLFerndale
Property Description
TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Heating: Forced Air
Lot Size: 0.04 Acres
Taxes: $0
Year Built: 1925
Feature Descriptions
Days on Site: 7
Exterior: Aluminum Siding
Laundry: In Basement
Owner Pays: None
Parcel Number: 25-27-326-027
Parking: Concrete, Driveway
Parking Total: 2
Sub Type: 2 to 4 Units
Tenant Pays: Electric, Water, Trash, Sewer, Gas
Units: 2
Utilities: Natural Gas Connected, Electricity Connected
Local Schools
School District: Ferndale
Listed By / Shown By
Listed By
Agency Name: Preferred, Realtors Ltd
Agent Name: Keith Jourdan
Agency Phone: 734-459-6000
Shown By
Agent Name: Cathy Smith Realtor since 2000
Agent Phone: Cell: (419) 280-3942
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 08/05/2026. |
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Estimated Payment
$ 1,942.18 per month $1,845.93 Principal & Interest $0.00 Property Tax (data not provided by mls) $96.25 Homeowner's InsuranceChange Payment Information
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217 E Drayton Street | MLS# 26038927
This multi-family property located at 217 E Drayton Street, Ferndale, MI 48220 is currently listed for sale with an asking price of $330,000. E Drayton Street is located within the Ferndale school district. Search Ferndale real estate on cathysmith.ikeyrealty.com today.