Properties for sale in Michigan

217 E Drayton Street, Ferndale, MI 48220

New Listing

$330,000

Property Type: Multi Family Lot Size (sq. ft.): 1,472 Status: Active

Current Price: $330,000 List Date: 7/28/2026 Last Modified: 7/28/2026

Overview

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

Supplements: Lower unit is vacant. Upper unit is tenant-occupied with an active lease paying $1185/month. Tenant documents attached.

Listing Details MLS# 26038927

Location Property Info

County: Oakland
Street #: 217
Street Direction: E
Street Name: Drayton
Suffix: Street
State: MI
Zip Code: 48220
Zip (4): 3743

General Property Info

Lot Measurement: Acres
Lot Square Footage: 1472
Lot Acres: 0.03
Year Built: 1925
New Construction: No
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 2
Waterfront: No
School District: Ferndale
Lot Dimensions: No
Road Frontage: 0
Basement: Yes

Tax Info

Tax ID #: 25-27-326-027
Taxable Value: 120410
SEV: 160490
For Tax Year: 2025
Tax Year: 2025
Seller's Annual Property Tax: 0
Homestead %: 0
Spec Assessment & Ty: No

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: Lower unit - vacant
Occupied: No
Bathrooms: Yes
Full Baths: Yes
Dishwasher: Yes
Garage: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: 2
Unit Description: Upper unit - occupie
Occupied: Yes
Monthly Rent: 1185
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes

Location & Property Info

Cross Streets: E Drayton St & Woodward Ave
Property Sub-Type: 2 to 4 Units
Municipality: Ferndale City

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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
Legal: T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 236, ALSO 1/2 OF VAC ALLEY ADJ TO SAME

Util Avail at Street

Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

In Basement: Yes

Exterior Material

Aluminum Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Driveway

Concrete: Yes

Substructure

Other: Yes

Extras

Garages: Yes

Owner Pays

None: Yes

Property Features

Laundry Features: In Basement Exterior Material: Aluminum Siding Substructure: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Public Water Extras: Garages Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete Terms Available: Cash; Conventional Sale Conditions: None Unit 1: Dishwasher; Garage; Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator

Listing Office: Preferred, Realtors Ltd

Listing Agent: Keith Jourdan

Last Updated: July - 28 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.