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23527-23529 Woodward Ave
Ferndale, MI 48220
Value-Add Freestanding Apartments/Retail · Retail Property For Sale
Investment Highlights
- Value Add Multi-Unit Asset located at 23527–23529 Woodward Ave, Ferndale, MI.
- 2,000 sq. ft. of Retail space on the lower level is vacant. (2 separate 1,000 sq. ft. units.)
- 2 Value- add vacant storefronts offer upside rental income
- Mixed-use building with four (4) fully leased 1-bedroom apartments on the second floor.
- Value- add vacant storefronts offer upside rental income.
Executive Summary
Value Add Multi-Unit Asset for sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,707 SF
Building Class
C
Year Built
1929
Price
$1,099,000
Price Per SF
$296.47
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.09 AC
Zoning
MXD-2 - Corridor Mixed Use
Frontage
43’ on Woodward Ave
Property Taxes
| Parcel Number | 25-27-301-037 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $218,400 |
Property Taxes
Parcel Number
25-27-301-037
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,400
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