MI > Ferndale > Mi
Ferndale, MI 48220 2841,575 E TROY Street
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Ferndale, MI 48220 2841,575 E TROY Street
Ferndale, MI 48220 2841,575 E TROY Street
Ferndale, MI 48220 2841,575 E TROY Street
Ferndale, MI 48220 2841,575 E TROY Street
Traci Ann Mills
Traci Ann Mills

Agent | License ID: 6501434563

+1(734) 624-9072

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$ 1,200,000

$ 1,200,000

Est. payment /mo
Sold on 07/22/2025

575 E TROY Street Ferndale, MI 48220 2841

8 Baths

9,194 SqFt

UPDATED:

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,194 sqft

Price per Sqft $130

Subdivision Mi

MLS Listing ID 60396233

Sold Date 07/22/25

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 Multi-Family

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 (63258)

Zoning Multi-Family

Rooms

Basement Block

Interior

Heating Baseboard, Electric Heat

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Building

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Ferndale City School District

Others

Ownership Private

Assessment Amount $1,584

Energy Description Electric

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC
Bought with LPS
Traci Ann Mills
Traci Ann Mills

Agent | License ID: 6501434563

+1(734) 624-9072 | clienttoclose@gmail.com

GET MORE INFORMATION

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Phone*
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575 E TROY Street