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575 E TROY ST Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
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
Full Baths 8
Year Built 1972
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type MultiFamily
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 Area02258Ferndale
Rooms
Basement Partial, Unfinished
Interior
Heating Baseboard, Electric
Exterior
Pool None
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Ferndale
School District Ferndale
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Bought with Greater Development LLC
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