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695 Livernois St 3 Unit Apartment Building $1,062,931 CAD ($354,310 CAD/Unit) 9.59% Cap Rate Ferndale, MI 48220
Investment Highlights
- Turn-Key Mixed-Use Asset with an 9.59% Pro Forma Cap Rate Potential
- Versatile Design Featuring a 1,500 SF Main Floor Office/Retail Storefront
- Extensively Renovated in 2023 with Modern Layouts
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 tri-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. Comprehensive marketing package available - Please reach out. BATVAI.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Basement
- Dining Room
- Office
Site Amenities
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,898 CAD | 1,500 |
| 2+1 | 1 | $3,331 CAD | 950 |
| 1+1 | 1 | $3,047 CAD | 830 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-33-435-027 | Total Assessment | $439,829 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
25-33-435-027
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$439,829 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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695 Livernois St
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