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6 Unit Multi-Family 1 Multifamily Properties Offered at $960,000 in Ferndale, MI
Executive Summary
Forward Commercial Group (FCG) is pleased to present the opportunity to acquire three fully occupied
residential rental properties, each consisting of two units, strategically located in the highly desirable Oakland
County communities of Royal Oak and Ferndale. The properties provide immediate, stable cash flow,
generating approximately $86,700 in current gross annual rental income. The assets also present a
compelling value-add opportunity through below-market in-place rents, offering investors the ability to
increase revenue over time while benefiting from continued neighborhood redevelopment, new residential
construction, and sustained economic investment. The offering consists of three bungalow-style duplexes that
are well positioned within established neighborhoods with strong long-term rental demand.
Please do not disturb tenants.
residential rental properties, each consisting of two units, strategically located in the highly desirable Oakland
County communities of Royal Oak and Ferndale. The properties provide immediate, stable cash flow,
generating approximately $86,700 in current gross annual rental income. The assets also present a
compelling value-add opportunity through below-market in-place rents, offering investors the ability to
increase revenue over time while benefiting from continued neighborhood redevelopment, new residential
construction, and sustained economic investment. The offering consists of three bungalow-style duplexes that
are well positioned within established neighborhoods with strong long-term rental demand.
Please do not disturb tenants.
Property Facts
| Price | $960,000 | Number of Properties | 3 |
| Price / SF | $615.78 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 1,559 SF |
| Status | Active | Total Land Area | 1.00 AC |
| Price | $960,000 |
| Price / SF | $615.78 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,559 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 617 E Bennett Ave, Ferndale, MI 48220 | Multifamily | 1,559 SF | 1925 | - |
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6 Unit Multi-Family
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