REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 125,000
Est. payment /mo
New
3331 McDowell Street Ferndale, MI 48220 1545
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 61040589
Style Vacant Land
Annual Tax Amount $3,029
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60x130
Property Sub-Type Vacant Land
Property Description
Attention Builders & Investors! The developer has already done the heavy lifting on this rare, plug-and-play opportunity, saving you valuable time, capital, and administrative headaches. Situated in one of Metro Detroit's most sought-after rental markets, this prime 0.18-acre vacant lot is fully build-ready and waiting for your vision. Utilities are already on site, and the entire 3-unit multifamily foundation is complete. Skip the lengthy development phase and go straight to building your 3-unit property to start cash-flowing faster. Please refer to the financial projections under the documents section to see the strong income potential this high-demand location offers. *The existing 3-unit building south of this lot (3327 McDowell MLS #20261083067) can be purchased with MLS #20261067860 for a total of $1,000,000. Bring your builder and turn this turnkey site into your next profitable enterprise!
Location
State MI
County Oakland
Area Ferndale (63258)
Zoning Residential
Building
Lot Description Easement
Water Public Water
Schools
School District Hazel Park City School District
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Domain
GET MORE INFORMATION
Follow Us