455 W Marshall St
Ferndale, MI 48220
The Marshall Place · Multifamily Property For Sale
·
23 Units
Property Facts
| No. Units | 23 | Lot Size | 1.39 AC |
| Property Type | Multifamily | Building Size | 21,966 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | KI - Commercial Zoned District | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.39 AC |
| Building Size | 21,966 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | KI - Commercial Zoned District |
About 455 W MARSHALL ST , FERNDALE, MI 48220
Marshall Condo Apartments (23 Units) of a total (40 Units) is located at 455 W Marshall Road, walking distance to the downtown nightlife, with great bars and restaurants. Marshall Condo Apartments were built in 1966 and consist of garden style apartments constructed of brick and vinyl with a flat roof. The property contains a unit mix of twelve 805 ft.2 one-bedroom units and eleven 960 ft.2 two–bedroom units. Notable for investor is the excellent LOCATION and condition of this asset. The utility breakdown of this property includes tenant-paid electricity, and the Home Owners Association (HOA) is responsible for the water and heat. Each apartment has their own individual gas forced air furnace. The current owners control the homeowner’s association due to their majority interest. Monthly condo dues are $185 per unit which is effective June 1, 2018. The HOA plans to update all hallways in 2018 at a cost of $15,000
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 805 |
| 2+1 | 11 | - | 960 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $108,240 |
Property Taxes
