500 E Maplehurst St - Apartments FOR SALE


Ferndale, MI 48220
$1,650,000 USD
248-972-7040
500 E Maplehurst St, Ferndale, MI for Sale
$1,650,000 USD
Apartments - FOR SALE
1/16
null | 7.27% Cap Rate

500 E Maplehurst St
Ferndale, MI 48220


OVERVIEW

Located just south of Pleasant Ridge and a short 0.4-mile walk to Downtown Ferndale, this 10-unit multifamily property includes six two-bedroom and four one-bedroom apartments, all recently updated. With the median monthly cost to own a home in the immediate area around $1,953/month, the property offers a cost-effective rental alternative.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

10

PRICE/UNIT

$165,000

CAP RATE

7.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maplehurst

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

AI

APN/PARCEL ID

25-27-404-014

ASK ABOUT THIS PROPERTY

Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

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Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.