575 E TROY ST Ferndale MI 48220 MLS #20250037682

575 E TROY ST
Ferndale, MI, 48220
$1,200,000
Beds
8 Baths
9,194 SqFt
0.25 Acres
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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.

Property Details

Price:
$1,200,000
MLS #:
20250037682
Status:
Active
Beds:
0
Baths:
8
Address:
575 E TROY ST
Type:
Single Family
Subtype:
Multi Family
Subdivision:
THE LITTLE FARMS SUB
Neighborhood:
02258 – Ferndale
City:
Ferndale
Listed Date:
May 21, 2025
State:
MI
Finished Sq Ft:
9,194
ZIP:
48220
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1972
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Andrea Stephan

Andrea Stephan

Realtor®

Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…

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Schools

School District:
Ferndale

Interior

Bathrooms
8 Full Bathrooms
Heating
Baseboard, Electric

Exterior

Architectural Style
Colonial
Construction Materials
Vinyl Siding
Parking Spots
1

Financial

Taxes
$13,563

Map

Community

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disclosure
Courtesy of Greater Development LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than Stephan Group Real Estate Team include the name of the listing broker. Neither the listing company nor Stephan Group Real Estate Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. . All rights reserved.
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575 E TROY ST
Ferndale, MI