$1,200,000

575 E Troy St Ferndale, MI 48220

Estimated payment $7,668/month

Total Views 8,822
6 Beds
8 Baths
9,194 Sq Ft
$131 Price per Sq Ft

Highlights

  • 0.25 Acre Lot
  • Colonial Architecture
  • Baseboard Heating

About This Home

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.

Listing Agent

Brady Williams

Greater Development LLC License #6501413257 Listed on: 05/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 100 x 10890

Parking

  • 1 Parking Space

Home Design

  • Colonial Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 8 Full Bathrooms
  • 9,194 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 2534226013

Community Details

Overview

  • 8 Units
  • The Little Farms Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,563

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 4-10 Story
  • Assessment: 1584.00
  • Year Built: 1972
  • State Equalized Value: 275490.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 9194
  • Total Sq Ft: 9194
  • Sq Ft Total Bsmt: 1149

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 34380.00

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.25
  • Lot Dimensions: 100 x 10890
  • Parcel Number: 2534226013
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 8365

Tax Info

  • Tax Amount Summer: 13260.0000
  • Tax Amount Winter: 303.0000
  • Total Tax: 13563.0000
  • Taxable Value: 175890.0000

Multi Family

  • Gross Scheduled Income: 100380.00
  • Number Of Units Total: 8
  • Number of Loft Units: 5
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 8

MLS Schools

  • School District: Ferndale

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/21/2025 05/21/25 For Sale $1,200,000 0.0% $131 / Sq Ft
03/05/2025 03/05/25 Off Market $1,700 -- --
01/30/2025 01/30/25 Price Changed $1,700 +81.8% $2 / Sq Ft
11/19/2024 11/19/24 Price Changed $935 -45.0% $1 / Sq Ft
11/18/2024 11/18/24 For Rent $1,700 -- --
Source: Realcomp

Source: Realcomp

MLS Number: 20250037682

Realcomp
Michigan Oakland County Ferndale 48220

575 E Troy St, Ferndale, MI

This home is located at 575 E Troy St, Ferndale, MI 48220 and is currently priced at $1,200,000, approximately $130 per square foot. This property was built in 1972. 575 E Troy 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
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes
Brady Williams
Listing Agent
Brady Williams
Section Image
Greater Development LLC
(360) 989-5395