Partially Remodeled Multifamily
415 Hilton Road Ferndale, MI 48220
New
415 Hilton Road, Ferndale, MI, 48220
$555,000
For Sale
$555,000
MULTI_FAMILY - Ranch - Ferndale, MI
Property Size3,312 SF
Lot Size0.30 Acres
Price / SF$167.57
Days on Market2
Property Features for 415 Hilton Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Multi-Family
- Bedrooms
- 14
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 14, Bedroom 13, Bedroom 2, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 7, Bedroom 12, Bathroom 1, Bedroom 5, Basement, Bedroom 4
- Pets allowed
- Yes
- Interior features
- Cable Available, Egress Window(s), High Spd Internet Avail, Laundry Facility
- Standard status
- Active
- APN
- 2534476054
- Size
- 3,312 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 34 WOODWARD HOMES SUB LOTS 55 & 56, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
- Tax Annual Amount
- 18702
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Vinyl
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing Agency
Realty Executives Home Towne
(810) 982-1400
3543 Pine Grove Ave, Port Huron, MI
Listed by
Becky Brougham
(810) 300-1650
Added: Jul 16 Checked: Jul 17 at 5:06 pm
MLS# 20261054985
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property includes eight total units on the same address, with seven units partially remodeled. Public remarks indicate recent interior updates such as painting and new flooring, along with some mechanical improvements, roof and gutter work, and exterior finish work. Unit 8 is used as a laundry facility for the other seven units. All units are vacant at this time, and the property includes parking for all units and trash disposal.
The asset is located in Ferndale, Oakland County, Michigan, and is described as being in the heart of Ferndale with proximity to Downtown.
The property is zoned for multi-family use and is listed for sale as a residential income opportunity, with configurations currently in place for shared laundry service across the seven remodel-status units.
The asset is located in Ferndale, Oakland County, Michigan, and is described as being in the heart of Ferndale with proximity to Downtown.
The property is zoned for multi-family use and is listed for sale as a residential income opportunity, with configurations currently in place for shared laundry service across the seven remodel-status units.
Key Highlights
- Two‑unit property at 415‑445 Hilton Rd with 7 units partially remodeled
- Recent updates include recently painted interiors and new flooring, plus some mechanicals, roof, gutters, and exterior finishes
- Unit 8 serves as a laundry facility for all 7 units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $23.28 |
| − Vacancy | −$3.2k | −$0.98 |
| EGI | $73.9k | $22.30 |
| − OpEx | −$33.2k | −$10.04 |
| NOI | $40.6k | $12.27 |
3,312 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$580.4K
$507.8K – $677.1K
NOI $40,626 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$714.4K
$625.1K – $833.4K
NOI $50,006 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Multifamily property with seven partially remodeled units plus a shared laundry facility and on-site parking.
Where is this apartment building located?
The property is located at 415 Hilton Road Ferndale, MI.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two‑unit property at 415‑445 Hilton Rd with 7 units partially remodeled; Recent updates include recently painted interiors and new flooring, plus some mechanicals, roof, gutters, and exterior finishes; Unit 8 serves as a laundry facility for all 7 units
