3318 BERMUDA, Ferndale, Michigan 48220

$400,000
List Price
$400,000
Ownership
Private Owned, Short Sale - No
MLS#
218111486
Status
ACTIVE
Subdivision
WOODWARD HEIGHTS ROYAL OAK ADD

Property Description

Lots 240 and 241 at 3318 Bermuda have a combined square footage of 11,935. Located smack dab in the middle of a thirty-two million dollar investment development its strategic location and R3 multifamily zoning is a prime for the savvy investor/builder. At more than a quarter of an acre the city allows up to 8 units on this property. A fitness center and market place is planned nearby and the location is ideal for commuters using 75 and 696 towards their workplace. The sale includes Parcels 2527202011 and 2527202012 and must be purchased together. Iron Ridge Marketplace is in development stage. The value is in the land and buyer to assume cost of removing the house/shed on Lot 240. The sale of these two lots is contingent upon the seller finding another property to purchase. Possession is set within 120 days of the closing. BATVAI.

Additional Information

Summer Taxes
1169
Winter Taxes
354
Zoning
Multi-Family
Acres
0.27
Lot Dimensions
85 x 140 x 85 x 140
Acres
0.27
School District
Ferndale

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Weir Manuel-Roch.

IDX provided courtesy of Realcomp II Ltd., via Coldwell Banker Weir Manuel -Northville and Realcomp II Ltd. Copyright 2019 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.