425 Vester Street
Ferndale, Michigan 48220
6
Bed
4
Bath
1,866Sqft
0.13Acre(Lot)
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to mis
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 4 Full Baths: 4 -
Interior Features
Basement Description: Finished -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1916 Building Stories: 3 Story Total Units: 4 Foundation/Basement: Basement Architecture: Other,Raised Ranch -
Exterior Features
Construction: Vinyl,Wood -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.13 Lot Dimensions: 55x105 Frontage Feet: 55 -
Property Information
SQ ft: 1866 Subdivision: Urbanrest Financing: Cash,Conventional,FHA
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Listing Price Information
Original List Price: $619,000 -
Listing Information
Possession: At Close Legal Description: T1N, R11E, SEC 27 URBANREST SUB LOTS 21 & 22, ALSO W 5 FT OF LOT 23, ALSO S 1/2 OF VAC ALLEY ADJ TO SAME BLK 24
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Tax Information
Annual Tax: $11,640 Parcel Number: 2527487016Possession
At CloseLegal Information
Legal Description: Section: T1N, R11E, SEC 27 URBANREST SUB LOTS 21 & 22, ALSO W 5 FT OF LOT 23, ALSO S 1/2 OF VAC ALLEY ADJ TO SAME BLK 24
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Unit 1 Information
# of Bedrooms: 2 -
Unit 2 Information
# of Bedrooms: 2
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School Information
School District: Ferndale -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3021 Goodrich Street , Ferndale, MI, 48220 | $305,000 | 3 | 2 | 1,580 | 0.12 Acre |
| 1949 Leitch Road , Ferndale, MI, 48220 | $249,900 | -- | 2 | 1,591 | 0.10 Acre |
| 1936 Farrow Street , Ferndale, MI, 48220 | $275,000 | 3 | 2 | 1,400 | 0.10 Acre |
| 316 Spencer Street , Ferndale, MI, 48220 | $339,900 | 3 | 2 | 1,368 | 0.15 Acre |
| 351 Edgewood Place , Ferndale, MI, 48220 | $400,000 | 5 | 3 | 1,972 | 0.10 Acre |
| 544 Laprairie Street , Ferndale, MI, 48220 | $1,000,000 | 3 | 2 | 1,647 | 0.22 Acre |
| 538 Laprairie Street , Ferndale, MI, 48220 | $1,000,000 | 3 | 2 | 1,600 | 0.22 Acre |
| 552 Laprairie Street , Ferndale, MI, 48220 | $1,000,000 | 3 | 2 | 1,612 | 0.22 Acre |
| 437 W Bennett Avenue , Ferndale, MI, 48220 | $275,000 | 3 | 2 | 1,406 | 0.06 Acre |
| 320 E Cambourne Street , Ferndale, MI, 48220 | $249,900 | -- | 2 | 1,300 | 0.14 Acre |
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Nearby For Sale
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 09/18/2026 @ 02:54
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