tomo logo

$449,900

Beds
2
Baths
4.0
sq ft
2,100

141 Ferndale Ave, Rochester, MI 48307

141 Ferndale Ave

RochesterCity_Oakland, MI 48307

    Welcome to 141-143 Ferndale Ave, perfectly situated in a prime location within walking distance of downtown Rochester. This charming, side-by-side updated ranch duplex is a fantastic income-generating opportunity through Airbnb. Each renovated unit boasts one bedroom and two full bathrooms, providing ample space and comfort. The property currently generates $3,800 per month in gross income combined from both units. Please note that each unit requires a minimum stay of 27 days, as mandated by the city of Rochester. The following appliances are included with the property: refrigerators, stoves, and washers and dryers (in each unit).This unique property offers various opportunities, including continuing its successful rental income stream, living in one unit while renting the other, or considering a teardown and rebuild to create a new residential home. Please note that the property is furnished; however, furniture is not included in the sale. With homes in the neighborhood experiencing exceptionally high values, this property is an excellent investment opportunity. Don’t miss out on the potential that 141-143 Ferndale Ave has to offer! Property is non homestead.

    Details

    Property type

    Single Family Residence

    Est. home value

    $309,839

    Lot size

    7,405 sq ft

    Price per sq ft

    $215

    Year built

    1942

    Annual property taxes

    $6,331

    HOA

    No

    Price History

    03/27/2025
    Realcomp

    Realcomp #20250015782

    Removed
    $449,900
    03/11/2025
    Realcomp

    Realcomp #20250015782

    Listed
    $449,900
    +63.6%
    06/26/2023
    Realcomp

    Realcomp #20230030211

    Sold
    $275,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    Rochester

    Negotiation Insights

    Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

    Seller could get up to

    $166,890
    Asking price
    $449,900
    Closing costs (~8% of asking)
    -$35,992
    Est. remaining loan balance
    -$247,018
    Cash to seller
    $166,890

    This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

    Seller’s Loan History

    Lender

    United Wholesale Mortgage

    Loan start date

    November 2023

    Original loan amount

    $250,250

    Est. remaining balance

    $247,018

    Interest rate

    7.31%

    Loan type

    New Conventional, 30 year

    Seller

    Jonyar Abro and Randy Wadie

    Source: Public records data

    If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

    How insights can help you

    Interest rate

    If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

    Motivation

    If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

    Equity

    If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

    Interested in learning more?

    Status: Active

    Tomo last checked: 03/31/2025 at 12:40 PM

    Listing updated: 03/27/2025 at 9:31 AM

    Listed by: Derrick Kajbo, Brookstone, Realtors LLC Phone #: (248) 963-0505

    MLS: Realcomp #20250015782

    Realcomp logo

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