575 E TROY Street new Save Request In-Person Tour Request Virtual Tour
Ferndale,MI 48220
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
Property Sub-Type Colonial
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
Interior
Heating Baseboard
Exterior
Garage Spaces 1.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Ferndale
Others
Assessment Amount $1,584
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional