Ferndale, MI 48220,575 E TROY Street
Ferndale, MI 48220,575 E TROY Street
Ferndale, MI 48220,575 E TROY Street
10
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$1,200,000
Est. payment /mo
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3 Beds
8 Baths
9,194 SqFt
New

575 E TROY Street Ferndale, MI 48220

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Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 9,194 sqft

Price per Sqft $130

Subdivision The Little Farms Sub

MLS Listing ID 20250037682

Style Colonial

Bedrooms 3

Full Baths 8

Year Built 1972

Annual Tax Amount $13,563

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 100 x 10890

Property Sub-Type Colonial

Source Realcomp II Ltd

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 Ferndale

Zoning Multi-Family

Direction Troy Street

Rooms

Basement Unfinished

Interior

Heating Baseboard

Fireplace no

Heat Source Electric

Exterior

Garage Spaces 1.0

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 4-10 Story

Structure Type Vinyl

Schools

School District Ferndale

Others

Pets Allowed Yes

Tax ID 2534226013

Ownership Short Sale - No,Private Owned

Assessment Amount $1,584

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional


Realcomp MLS
Listed by Brady Williams of Greater Development LLC

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agent

Jeff Lauster

Agent | License ID: 6501439321

+1(810) 429-2923

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575 E TROY Street