$1,200,000
For more information regarding the value of a property, please contact us for a free consultation.
8 Baths
0.25 Acres Lot
SOLD DATE : 07/22/2025
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20250037682
Sold Date 07/22/25
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
Water Public
Structure Type Vinyl Siding
Schools
School District Ferndale
Others
Tax ID 2534226013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "