MI > Ferndale > Ferndale City
Ferndale, MI 48220,575 E TROY Street
Ferndale, MI 48220,575 E TROY Street
Ferndale, MI 48220,575 E TROY Street
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$1,200,000
Est. payment /mo
8 Baths
0.25 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ferndale City

Subdivision Ferndale City

MLS Listing ID 20250037682

Year Built 1972

Annual Tax Amount $13,563

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 100 x 10890

Source Realcomp

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 Oakland County - 70

Zoning Multi-Family

Direction Troy Street

Interior

Heating Baseboard

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Vinyl Siding

Schools

School District Ferndale

Others

Tax ID 2534226013

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Greater Development LLC

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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