Sold for $281,500

$281,500

541 Pearson St, Ferndale, MI 48220

4beds

1,354sqft

Multi Family

Built in 1923

-- sqft lot

$324,300 Zestimate^®

$208/sqft

$1,508 Estimated rent

Home value

$324,300

$305,000 - $347,000

$1,508/mo

Zestimate^® history

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$1,508/mo

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$1,508/mo

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$1,820/mo

Est. payment

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$1,820/mo

Est. payment

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What's special

Rare opportunity! Turn key income producing property in thriving downtown location! Only a few minutes walk to shopping, nightlife, restaurants, entertainment, and more! Near major expressways and famous Woodward Ave! Lower unit features hardwood floors, neutral paint throughout, a fantastic kitchen, spacious living room, and applications are currently being reviewed for $1295/mo. rate. Upper unit is currently rented at $995/mo. until Nov. 2024. Full basement includes a newer furnace and hot water tank. Appliances included. Tenants pay utilities, Electric has separate meters, gas/water is shared. Landlord owns stove/fridge in both units and washer and dryer in basement. Rental Certified through 9/6/25.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total interior livable area: 1,354 sqft
Finished area above ground: 1,354

Property

Features

Levels: One and One Half
Stories: 1
Pool features: None

Lot

Size: 4,791 sqft
Dimensions: 40 x 122

Details

Parcel number: 2534152018
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Upper Lower Apartment
Property subtype: Multi Family

Materials

Aluminum Siding
Foundation: Basement, Block

Condition

New construction: No
Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Ferndale
Subdivision: ELSINORE SUB

Other

Other facts

Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,Va Loan,Warranty Deed

Price history

Date	Event	Price
1/22/2024	Sold	$281,500+21637.5%$208/sqft
Source: Realcomp II #20230096636 Report a problem
9/14/2021	Sold	$1,295+40.8%$1/sqft
Source: Agent Provided Report a problem
1/22/2018	Sold	$920-0.5%$1/sqft
Source: Agent Provided Report a problem
11/20/2015	Sold	$925+16.4%$1/sqft
Source: Agent Provided Report a problem
8/19/2015	Sold	$795$1/sqft
Source: Agent Provided Report a problem