Sold
575 E TROY Street, Ferndale, MI 48220
Last sold on Invalid Date for$1,200,000
8 bathsBuilt 19720.25 acres
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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.
Price & Status History
Jul 22, 2025MLS #20250037682
Sold
$1,200,000
May 21, 2025MLS #20250037682
Listed for sale
$1,200,000
MLS Listing History1 listing
| Status | List Price | Sale Price | Listed | Sold | Board | |
|---|---|---|---|---|---|---|
| Sold | $1,200,000 | $1,200,000 | May 21, 2025 | Jul 22, 2025 | Realcomp | View → |
Tax & Assessment
Parcel Number2534226013
Annual Tax$13,563
Property Details
Property TypeMulti FamilyBathrooms8Lot Size0.25 acresYear Built1972CityFerndaleMunicipalityFerndale CityZip Code48220School DistrictFerndaleTerms AcceptedCash, Conventional
Listed by Brady Williams
Greater Development LLC