This property is Off-Market

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

26 Units · Multifamily For Sale

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Luxor Apartments

Price N/A Property Use Type Vacant/Owner-User
No. Units 26 Cap Rate 8.80%
Building Size 19,600 SF Gross Rent Multiplier 6.65
Property Type Multifamily Year Built 1968
Property Sub-type Mid/High-Rise
Listing ID: 9851306 Date Created: 03/28/2001 Last Updated: 12/09/2002

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.

Research

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

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