$1,200,000

1010 Laprairie St Ferndale, MI 48220

Estimated payment $7,797/month

Total Views 8
10 Beds
9 Baths
4,580 Sq Ft
$262 Price per Sq Ft

Highlights

  • 0.31 Acre Lot
  • 1-Story Property
  • 9 Car Garage
  • Brownstone
  • Forced Air Heating System
  • Laundry Facilities

About This Home

Well-maintained 9-unit apartment complex with strong occupancy. The property consists of 8 one-bedroom units and 1 two-bedroom unit, all in classic condition offering significant upside potential through interior renovations and improved operations. Seller financing is not available. Full offering memorandum provided upon request with a signed confidentiality agreement.

Listing Agent

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 07/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955

Lot Details

  • 0.31 Acre Lot

Parking

  • 9 Car Garage

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 9 Full Bathrooms
  • 4,580 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534178019

Community Details

Overview

  • 9 Units
  • Woodward Farms Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,034

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Townhouse, Brownstone
  • Architecture Level: 1 Story
  • Year Built: 1955
  • State Equalized Value: 297150.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 9.00
  • Full Bathrooms: 9
  • Sq Ft Combined: 4580
  • Total Sq Ft: 4580

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Sideof Street: NE

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage
  • Total Parking Spaces: 9

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 42247.00

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.31
  • Lot Dimensions: Irregular
  • Parcel Number: 2534178019
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 12470

Tax Info

  • Tax Amount Summer: 13656.0000
  • Tax Amount Winter: 378.0000
  • Total Tax: 14034.0000
  • Taxable Value: 178870.0000

Multi Family

  • Gross Scheduled Income: 150140.00
  • Number Of Units Total: 9
  • Number of One Bedroom Units: 8
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 8

MLS Schools

  • School District: Ferndale

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2025 07/13/25 For Sale $1,200,000 -- $262 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251016822

Realcomp

Michigan Oakland County Ferndale 48220

1010 Laprairie St, Ferndale, MI

This home is located at 1010 Laprairie St, Ferndale, MI 48220 and is currently priced at $1,200,000, approximately $262 per square foot. This property was built in 1955. 1010 Laprairie St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Michael McClafferty
Listing Agent
Michael McClafferty
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OakPointe Real Estate Advisors
(248) 599-0141