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2 Baths
2,000 sqft

$375,000

400 E Cambourne ST, Ferndale MI, 48220

Price per sqft$187.50
Built in1929
Property size2,000 sqft
Property typeMulti-family

Overview

Active

Listed Oct 15, 2026

Updated 6h ago

Fully occupied 2 unit investment property. Updated and income producing from day one! This is the perfect opportunity to purchase a fully occupied large 2 unit investment property close to Downtown Ferndale! Historically keeps 100% occupancy due to the condition and proximity to downtown Ferndale for all the shops, restaurants, and nightlife! Rents can be increased to market rates for an increase in income. There is a common hallway and basement. All utilities except water are separated out. Property has been certified with Ferndale consistently as a rental. Capital improvements made by current owner are: Secure Garage to current codes (old grandfathered in large garage) Installed central AC Sewer lines upgraded to PVC House hack and live in 1 unit renting the other to cover a majority of the mortgage. Current taxes are non homestead. Please note that this property has no driveway. Do not approach property or disturb current tenants!!! Listing agent is part of the ownership of listing.

$2,495/mo

Est. mortgage payment based on a $375,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261083917

Interior Features

Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$9,645
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of CJR Realty

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Data last updated 6:17 AM UTC, 10/17/2026

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