Ferndale Homes with Assumable Listing Terms

Welcome to Ferndale, Michigan, a vibrant city nestled in the heart of Oakland County, where community spirit meets suburban charm. Known for its welcoming atmosphere and rich cultural diversity, Ferndale is not just a place to live; it’s a place to thrive. One of the city’s standout features is its highly regarded school district, which is dedicated to fostering a nurturing and dynamic learning environment for all students.

Ferndale Schools are celebrated for their commitment to academic excellence and innovative teaching practices. With a range of educational programs, extracurricular activities, and dedicated staff, the district ensures that every child has the opportunity to succeed. Families are drawn to the area not only for its top-notch schools but also for the sense of community that permeates through local events and neighborhood gatherings.

In addition to its educational offerings, Ferndale presents an exciting opportunity for homebuyers with homes featuring assumable listing terms. This unique option allows buyers to take over existing mortgage terms, potentially making homeownership more accessible and financially manageable. Whether you’re a first-time buyer or looking to relocate, Ferndale’s real estate market offers a variety of charming homes that cater to different lifestyles and budgets.

Discover the perfect blend of community, education, and real estate opportunities in Ferndale, MI. With its friendly neighborhoods, excellent schools, and homes with assumable terms, you’ll find that this city truly has something for everyone. Come experience the warmth and vibrancy of Ferndale—your new home awaits!

Newest Ferndale Homes with Assumable Listing Terms

$400,000

3 Baths ⋅ 20261040998 MLS ⋅ ACTIVE Status

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity.The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is tenant occupied with a one year lease. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

351 Edgewood Place, Ferndale

Start Your Search