10
See all 10 photos
$1,200,000
Est. payment /mo
8 Baths
0.25 Acres Lot
Active
575 E TROY Street Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20250037682
Year Built 1972
Annual Tax Amount $13,563
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 100 x 10890
Source Realcomp
Property Description
The Troy Street Apartments are located in Ferndale, Michigan conveniently off of Woodward and Troy Street. The property consists of 8 apartment units which are 100% occupied grossing over $8,365 per month in rent. These are loft style apartments consisting of 5 one bedroom one bath, and 3 two bedroom one bath units.The property is located on the heart of Ferndale, walkable to many popular restaurants and bars. Over 500 units of new construction multifamily housing have been going up within a 2 mile radius of the property at an average rent of $1,500 per unit which as placed an upward movement on existing rents.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction Troy Street
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Ferndale
Others
Tax ID 2534226013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Greater Development LLC
GET MORE INFORMATION
Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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