3021 Goodrich Street

About this home

Calling all investors! Check out this well-maintained duplex located in desirable Ferndale. Both units are tenant occupied, offering immediate cash flow and strong long-term investment potential. The main floor unit features an updated kitchen with modern cabinetry and flooring, renovated bathroom with contemporary finishes and updated interior. Second unit kitchen has a stainless steel gas range, large bedroom and it's own dedicated exterior entrance. Laundry facilities are located on site with common storage areas in the basement. Walkable to downtown Ferndale shops and restaurants, this tenant occupied duplex is ready to be your new investment property!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Ferndale

Over the last 90 days, 101 homes sold in Ferndale for a median of $262,000, about $207 per square foot, and the typical one went under contract in 12 days. This home is listed at $295,000, or $187 per square foot, 10% below the city median, and has been on the market 47 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ferndale sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $4,077 a year. A buyer who lives here would pay about $2,615 to $7,025 a year once the taxable value resets after the sale, at the 2025 homestead rate of 47.16 mills for Ferndale City and Ferndale schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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