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Updated almost 8 years ago on .

User Stats

166
Posts
67
Votes
Eric La Pratt
  • Investor
  • Chicago, IL
67
Votes |
166
Posts

Ferndale, MI Duplex Valuation & Market Assessment

Eric La Pratt
  • Investor
  • Chicago, IL
Posted

I have a duplex in Ferndale I am considering options (like selling) and have a few questions for the BP community familiar with 48220. 


  • 1970 sq. ft.
  • North of 8 Mile, East of Woodward, West of Hilton
  • 2X 2 bedroom + dining room apartments
  • Rental certificate
  • Fully Separated Utilities (including furnace & water heaters)
  • Highly qualified tenants
  • Stainless appliance upstairs unit
  • Very, very, very clean
  • Massive lot

Questions:

  1. Where are you all getting your rental valuations from? I am curious to know where mine stand.
  2. Ferndale market is hot. Multi-family is also hot. What are some thoughts about pricing strategy for both rentals and sales? I am seeing some varying thoughts out there.
  3. Are there agents that you all might recommend for selling? No rush, so like everyone, looking to maximize.

Thanks!