3315 McDowell

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Address: 3315 McDowell St, Ferndale, MI 48220, USA
Chicago & Midwest + 2-4 Units
Created date: October 13, 2026
Date last updated: October 13, 2026
Price: $875,000Investment Analyzer NEW!

Property Description

An exceptional investment opportunity offering 3 spacious, thoughtfully designed 2-bedroom units in a modern, newer construction (built in 2020), low-maintenance building. Ideally positioned in one of Metro Detroit's most sought-after rental markets, this property allows investors to acquire a stabilized, income-producing asset with strong tenant appeal, predictable operating expenses, and immediate value-add/owner-occupancy potential. This exceptional multi-family opportunity features three identical units, each offering a generous 1,130 square feet of comfortable living space complete with 2 bedrooms and 1.5 bathrooms. Designed for modern convenience, every residence includes a dedicated second-floor laundry room and an oversized single-car private garage ideal for vehicle parking and extra storage. Maintenance is hassle-free thanks to newer construction quality that minimizes near-term capital expenditure requirements. Operating expenses remain predictable and landlord-paid utility burdens are completely eliminated by separately metered gas, electric, and water, while independent furnaces and central air conditioning systems ensure individual comfort control for every home. Foundation lot to the North of this property can be purchased with MLS #20261067860 for a total of $1,000,000. Subject to seller obtaining municipal approval of land spilt and easement for shared driveway. 2/3 units are currently under lease.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $875,000
No. of Units: 3
Year Built: 2020
Lot Size: 3,386.00 Sq ft
Opportunity Zone: No
Price per unit: $291,667
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 4
Address: 3315 McDowell, Ferndale, MI 48220, USA
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