590 E LEWISTON AVE $1,300,000

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    590 E LEWISTON AVE Ferndale, MI 48220

    Sold
    SOLD 10/4/2021

    $1,300,000

    Market Estimate
    • 0 Beds
    • 1 Baths
    • 9,038 sq. ft.
    • Multi-Family
    • MLS# 40191987
    590 E LEWISTON AVE, Ferndale, MI 48220
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    Listing provided courtesy of: Signature Sotheby's International Realty Bham - 2486447000
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    Views: 54

    Property Details

    Call for offers due July 2nd. 10 unit apartment building in highly appreciating Ferndale! Sellers have proven value add through renovating 5 of the units to increase rent significantly. Still 5 units remaining which leave a lot of value for the buyer. Property is extremely clean and well maintained/managed. Management in place could be transferred to the buyer. Multiple offers received. Showings only allowed after accepted LOI or Purchase Agreement. Agent has ownership interest in the property.

    • General Features
      • COMMUNITY AMENITIES Laundry Facility,Pets-Allowed
      • Acreage 0.3
      • Area Municipality Ferndale (63258)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 2 Story
      • Subdivision MICHELSON WOODS SUB
      • Waterfront Y/N No
      • Year Built 1957
      • ZONING Multi-Family
    • Building Features
      • Basement Type Block, Common
      • Cooling System Wall/Window A/C
      • Exterior Construction Brick, Other
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Interior Features Cable/Internet Avail.
      • Heating System Wall Heat, Forced Air
    • Property Features
      • LOT DESCRIPTION Sidewalks
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 100.00X131.00
      • Water Public Water
    • Schools
      • School District Ferndale City School District

    Neighborhood

    48220 (Ferndale) Demographics

    34 Median Age
    5,116 Population Density (per sq. mile)
    56% College Educated
    $73,479 Estimated Median Income
    7,016 Estimated Total Home Owners
    4,297 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,639 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $247,000 Median Sales Price
    28 Homes Sold
    70 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/4/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $1,300,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.