575 E Troy Street #5

Ferndale, Michigan 48220

  • 6 Bed(s)
  • 8 Bath(s)
  • 9,194 Sqft
  • 0.25
    Acre(Lot)
$1,200,000

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.

  • Property Type

    Multifamily

  • Subdivision

    The Little Farms Sub

  • County

    Oakland

  • Style

    Colonial

  • AD ID

    49876391

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Property Details

  • Bathroom Information

    • Total Baths: 8
    • Full Baths: 8

    Interior Features

    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Baseboard
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1972
    • Building Stories: 4-10 Story
    • Total Units: 8
    • Foundation/Basement: Basement
    • Architecture: Colonial

    Exterior Features

    • Construction: Vinyl

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.25
    • Dimensions: 100 x 10890

    Property Information

    • SQ ft: 9194
    • Subdivision: THE LITTLE FARMS SUB
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $1,200,000

    Listing Information

    • Possession: At Close
    • Legal Description: T1N, R11E, SEC 34 THE LITTLE FARMS SUB LOT 239

  • Tax Information

    • Annual Tax: $13,563
    • Parcel Number: 2534226013

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: T1N, R11E, SEC 34 THE LITTLE FARMS SUB LOT 239

  • Parking Information

    • Parking: 1

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 2 Information

    • # of Bedrooms: 3

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 06/12/2025 @ 11:54

  • MLS: 627672629
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 6 bedrooms which is for sale, it has 9,194 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.