1785 Channing St, Ferndale, MI 48220

Immediate Cash Flow: $3,035/month in rental income with strong, paying tenants already in place

Flexible Strategy: Ideal for investors or house hackers—live in one unit or rent both

Stabilized Asset: Fully rental-certified, tenant-occupied, and well maintained

Updated Units: Modern kitchens, renovated baths, updated flooring, and vinyl windows throughout

Low Maintenance: Roof replaced in 2020 + durable finishes reduce near-term capital expenses

Favorable Lease Structure: Tenants pay gas & electric, share water, and handle lawn/snow

Long-Term Income Security: Second-floor lease secured through October 2026; first-floor month-to-month at strong rent

Additional Value-Add Potential: Opportunity for off-street parking via alley access

Strong Rental Appeal: Enclosed porches, shared fenced yard, storage, and in-unit appliances in both units

Storage Advantage: Extensive built-in storage, closets, cabinets, and armoires throughout