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518 E Troy Street Ferndale, MI 48220
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Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Ferndale City
Subdivision Ferndale City
MLS Listing ID 20251028932
Sold Date 09/16/25
Year Built 1949
Annual Tax Amount $3,174
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 42x118
Source Realcomp
Property Description
Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you'll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you'll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio.24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Residential
Direction From 696 & Woodward, follow Southbound on Woodward Ave to E 9 Mile Rd in Ferndale 6 min (2.6 mi). Continue on E 9 Mile Rd. Drive to E Troy St 2 min (0.4 mi). Destination is on the right.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Ferndale
Others
Tax ID 2534228003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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