Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income. The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income. The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants. Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment. Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio. Schedule your private tour! Lower unit is currently leased for $1725 and is for a 1 year term May 2026 through April 2027 Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027
Listed By
Agency Name: Anthony Djon Luxury Real Estate
Agency Phone: (248) 747-4834
Shown By
Agent Name: Nathan Oake
Agent Phone: (734) 845-0680
Agency Title: Griffith Realty
Estimated Payment
$ 792.68 per month $700.83 Principal & Interest $0.00 Property Tax (data not provided by mls) $91.85 Homeowner's Insurance
1529 Silman Street | MLS# 20261042215
This multi-family property located at 1529 Silman Street, Ferndale, MI 48220 is currently listed for sale with an asking price of $314,900. Silman Street is located within the Hazel Park school district. Search Ferndale real estate on noake.griffithrealty.com today.