$1,225,000
SOLD AUG 19, 2025

1010 Laprairie St Ferndale, MI 48220

10 Beds
9 Baths
4,580 Sq Ft
13,504 Sq Ft Lot

Recently Sold

$267 Per Sq Ft

2% Above List Price

22 Days on Market

Highlights

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

About This Home

As of August 2025

Well-maintained 9-unit apartment complex located just 0.5 miles from downtown Ferndale. 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. New windows installed in 2024. Seller financing is not offered. Contact listing broker for offering memorandum.

Last Agent to Sell the Property

Michael McClafferty

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

Last Buyer's Agent

Daniel McCleary

JEM Realty Group, Inc License #6502113479

JEM Realty Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955

Lot Details

  • 13,504 Sq Ft Lot

Parking

  • 9 Car Garage

Home Design

  • 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

0.31 Acres

Listing Details

  • Property Type: Multifamily
  • 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
  • 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

Lot Info

  • Lot Size Area: 0.31
  • Lot Dimensions: Irregular
  • Parcel Number: 2534178019
  • Zoning: Multiple

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

MLS Schools

  • School District: Ferndale
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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 List to Sale Price per Sq Ft
08/19/2025 08/19/25 Sold $1,225,000 +2.1% $267 / Sq Ft
08/04/2025 08/04/25 Pending -- -- --
07/13/2025 07/13/25 For Sale $1,200,000 -- $262 / Sq Ft
Source: Realcomp

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,034 $313,470 $0 $0
2024 $13,656 $297,150 $0 $0
2023 $12,956 $267,440 $0 $0
2022 $12,793 $246,030 $0 $0
2021 $12,753 $222,630 $0 $0
2020 $12,231 $216,340 $0 $0
2019 $12,309 $200,530 $0 $0
2014 -- $141,440 $0 $0
2011 -- $158,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20251016822

Realcomp
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