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575 E TROY Street Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,194 sqft
Price per Sqft $130
Subdivision The Little Farms Sub
MLS Listing ID 20250037682
Sold Date 07/22/25
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
Private Pool No
Building
Foundation Basement
Sewer 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
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Bought with Greater Development LLC
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