Garden-Style Apartment Condo
For Sale
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455 W Marshall, Ferndale, MI 48220
Garden-style brick and vinyl apartments totaling 23 units feature individual gas forced-air furnaces and an HOA-managed utilities split.
Property SizeContact for details
Days on Market122
Property Features for 455 W Marshall
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Income Property Organization
Listed By:
Greg Coulter · License #MI 6505297156
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Income Property Organization
Investment Insights
Based on property information with market context.
Marshall Condo Apartments is a garden-style multifamily condominium property with 23 units as part of a total 40-unit community. The buildings were constructed in 1966 and feature brick and vinyl exterior construction with flat roofs. The unit mix includes twelve one-bedroom units and eleven two-bedroom units.
Utility responsibility is split through the HOA: tenant-paid electricity, while the Home Owners Association is responsible for water and heat. Each apartment has its own individual gas forced air furnace.
The current owners control the homeowners association through majority interest. Monthly condo dues are $185 per unit, effective June 1, 2018. The HOA plans to update all hallways in 2018 at an estimated cost of $15,000.
Utility responsibility is split through the HOA: tenant-paid electricity, while the Home Owners Association is responsible for water and heat. Each apartment has its own individual gas forced air furnace.
The current owners control the homeowners association through majority interest. Monthly condo dues are $185 per unit, effective June 1, 2018. The HOA plans to update all hallways in 2018 at an estimated cost of $15,000.
Key Highlights
- Marshall Condo Apartments: 23‑unit garden‑style brick and vinyl complex built in 1966
- Unit mix includes twelve 805 SF 1‑bedroom units and eleven 960 SF 2‑bedroom units
- Each apartment has its own individual gas forced‑air furnace
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style brick and vinyl apartments totaling 23 units feature individual gas forced-air furnaces and an HOA-managed utilities split.
Where is this apartment building located?
The property is located at 455 W Marshall Ferndale, MI.
What are key features of this property?
This property features: Marshall Condo Apartments: 23‑unit garden‑style brick and vinyl complex built in 1966; Unit mix includes twelve 805 SF 1‑bedroom units and eleven 960 SF 2‑bedroom units; Each apartment has its own individual gas forced‑air furnace
