$1,200,000
575 e troy street, ferndale, MI 48220
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.
General Information
Price: $1,200,000
Price/SqFt: $131
Status: Active
MLS#: 20250037682
City: ferndale
Post Office: ferndale
Schools: ferndale
County: Oakland
Subdivision: the little farms sub
Acres: 0.25
Lot Dimensions: 100 x 10890
Bedrooms:0
Bathrooms:8 (8 full, 0 half)
Size: 9,194 sq.ft.
Acreage: 0.25 est.
Year Built: 1972
Property Type: Multifamily
Style: 4-10 Story
Features & Room Sizes
Exterior: Vinyl
Basement: 1
Heating: Baseboard
Heating: Baseboard
Tax, Fees & Legal
Est. Summer Taxes: $13,260
Est. Winter Taxes: $303
Est. Winter Taxes: $303
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Brady Williams of Greater Development LLC, Phone: (313) 209-2900
