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226
226 Withington, Ferndale, MI 48220
226 Front exterior
N/A
10
9,600 SF
Multifamily
Garden/Low-Rise
Investment
2.75%
6%
7.60
95%
-
Last Verified 12/23/2010
Listing ID 15826500
Description
Price Reduced (Aug 2010), and sellers will negotiate with cash buyer in this tight credit market(!), so make offer. 3-story brick building, always full. Building has great potential to be turned into higher-class apartments (or group-home facility for independent living), but owner has moved out of state, forcing sale at discount. Some major updates completed. Property works best for hands-on owner. Ideal 1031 exchange, too.
Heart of Ferndale, right downtown, walking distance to everything, Just off Woodward at 9 Mile.
Map of 226 Withington, Ferndale, MI 48220 (Oakland County)
Created 7/30/2008
Additional Information for 226 Withington Street, Ferndale, MI 48220
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P