Historical Multifamily Sale Listing - Luxor Apartments

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Luxor Apartments

1445-1471 W. 9 Mile Road, Ferndale, MI 48237

N/A

26 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
26
Building Size:
19,600 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Vacant/Owner-User
Cap Rate:
8.80%
Gross Rent Multiplier:
6.65
Year Built:
1968
Listing ID
9851306
Last Updated
over 1 year ago

Description

The property is located on the South side of W. 9 mile road just West of Pinecrest Street. The complex is in A-1 condition with all capital improvements implemented. The average rent per unit is $609.

The property is located just outside of downtown Ferndale. A large influx of tenants from the Royal Oak Area are moving towards Ferndale.

Map of Ferndale, MI 48237 (Oakland County) - exact location not found

Research for 1445-1471 W. 9 Mile Road, Ferndale, MI 48237