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695 Livernois St
Ferndale, MI 48220
 The Unicorn · Multifamily Property For Sale · 3 Units

Apartment Buildings Michigan Ferndale 695 Livernois St, Ferndale, MI 48220

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INVESTMENT HIGHLIGHTS

  • Downtown Ferndale, thriving area, live-work space, up and coming Livernois Street

EXECUTIVE SUMMARY

. Discover the future of living and investing- a seamlessly blended residential and commercial opportunity tailored for the ambitious young professional or savvy investor. This unique multi-unit property not only offers stylish, modern living spaces but also features mixed-use zoning, allowing you to dream big and diversify your investment portfolio. Whether you envision a bustling storefront, a chic salon, a Law Office, a Boutique Hotel, a profitable Airbnb venture, or a mixture of all - this property is your canvas. A one-of-a-kind investment breathing new meaning into the phrase Live-Work-Play. Seize the opportunity to shape your future in a place where lifestyle meets opportunity. This property is not just a building; it’s a gateway to a life of entrepreneurial freedom and residential bliss in one of the most spirited neighborhoods in Michigan. Engage with a property that will grow with your ambitions. Schedule your visit today and explore how your vision can turn into reality. Land Contract terms available. BATVAI SEND OFFERS TO: Alinasells@gmail.com/Contact 248-808-2952 for showings

PROPERTY FACTS

Price Per Unit $482,625 CAD Lot Size 0.10 AC
Sale Type Investment or Owner User Building Size 3,986 SF
Cap Rate 8.35% No. Stories 2
No. Units 3 Year Built/Renovated 1942/2023
Property Type Multifamily Tenancy Single
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Parking Ratio 1/1,000 SF
Apartment Style Single-Family Home Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class B
Zoning Mixed Use 2 - Mixed Use District - intended to encourage a mixture of uses including residential, local business, and office uses.
Price Per Unit $482,625 CAD
Sale Type Investment or Owner User
Cap Rate 8.35%
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Single-Family Home
Building Class B
Lot Size 0.10 AC
Building Size 3,986 SF
No. Stories 2
Year Built/Renovated 1942/2023
Tenancy Single
Parking Ratio 1/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning Mixed Use 2 - Mixed Use District - intended to encourage a mixture of uses including residential, local business, and office uses.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Heating
  • Kitchen
  • Refrigerator
  • Office

LINKS

 

  • Listing ID: 37689143

  • Date on Market: 2024-05-14

  • Last Updated:

  • Address: 695 Livernois St, Ferndale, MI 48220

The Ferndale Multifamily Property at 695 Livernois St, Ferndale, MI 48220 is currently available. Contact Real Estate One-Royal Oak for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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