Movoto Real Estate
Sold on 08/22/2021
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492 E Lewiston Ave, Ferndale, MI 48220

  • $284,000

    Last sold 08/22/2021 for $225K

  • 4

    bed

  • 2

    bath

  • 1,668

    Sqft ($135/Sqft)

Multi-family not for sale
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About 492 E Lewiston Ave

Property type Multi-family
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 3,920 Sqft
Movoto estimate
Rental estimate
Property description
*Multiple Offers - HIGHEST & BEST DUE BY 8/22/21 @ 6PM *Investment Property Opportunity just walking distance from all of Downtown Ferndale! This massive two-story colonial was converted into a two unit upper and lower "apartment/duplex" by the previous owner. Both units are completely vacant and are move-in ready with no leases attached. They are quite similar with updates and somewhat mirror each other however, with the dining room and hallways as the exception. The roof was replaced in 2016 and air conditioning was installed since new ownership. Each unit has their own utilities with the exception of water/sewer. Spacious yard behind that has access to an alley that also provides private parking off the street. * BATVI * Buyers agent is required to be physically present for all showings.
Listed by
Listing Agent - Melissa Reyes
Listing Agent Contact: (888) 501-7085
Listing Office - EXP Realty LLC
Source: Realcomp mls logo
MLS#2210068721 • last updated 2 years ago
Movoto checked Realcomp for data 8 minutes ago
Interior
Cooling/AC Central Air
Heating Forced Air
Levels/Style 2 Story, Colonial, Duplex, Upper/Lower Apartment
# Full Baths 2
Basement Unfinished, Common
Interior Features Laundry Facility
Exterior
Foundation Block, Basement
Construction Aluminum, Other
Roof Asphalt
Exterior Features Private Entry
Patio/ Porch Balcony, Porch - Covered, Porch
Location
Subdivision ASTON'S SUB OF KNOWLES HEIGHTS
APN 2527451015
Directions Head North On Woodward Ave From 9 Mile Turn Right Onto Lewiston Ave, House On Right Side
Zoning Multi-Family
Multifamily Details
Gross Scheduled Income 25800
Net Operating Income 19000
Income Projection Projected
Monthly Rental Income 2150
Lot/ Land Details
Road Frontage Paved, Pub. Sidewalk
$284K
Range: $252K-$315K
Last 30 days 
Rental est.: $13,938/month
Gross rent multiplier: 1.3 - Excellent
  • Oct 2021
    Public Records
  • Oct 6, 2021 Sold
    $225,000
  • Oct 2021
    mls logo MLS # 2210068721
  • Oct 4, 2021 Sold
    $225,000 (+4.7%)
  • Aug 22, 2021 Pending
  • Aug 19, 2021 Listed
    $215,000 (+36.1%)
  • Aug 2021
    mls logo MLS # 40214232
  • Aug 19, 2021 Listed
    $215,000
  • Feb 2017
    Public Records
  • Feb 6, 2017 Sold
    $158,000 (-2.8%)
  • Oct 2016
    mls logo MLS # 21231019
  • Oct 26, 2016 Listed
    $162,500
  • 492 E Lewiston Ave
    $225K
  • Ferndale
  • 48220
    $259K +4% y/y
  • Ferndale
    $265K +6% y/y
No chart available
Statistics calculated by Movoto

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N/A
Ferndale Lower Elementary Campus
public Grades K-3
Ferndale Public Schools
3/10
Ferndale Upper Elementary
public Grades K-6
Ferndale Public Schools
2/10
Ferndale Middle School
public Grades 6-8
Ferndale Public Schools
5/10
Ferndale High School
public Grades 9-12
Ferndale Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MI
  • Oakland County
  • Ferndale
  • 48220
  • 492 E Lewiston Ave
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