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259-263 W 9 Mile Rd 14 Unit Apartment Building For Sale Ferndale, MI 48220

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EXECUTIVE SUMMARY

Heritage Apartments is a meticulously renovated mixed-use asset comprising 12 luxury apartment units and two prime retail spaces, ideally situated in the core of Ferndale, Michigan. The property commands a premier position on Ferndale's most highly walkable and desirable street, offering residents and commercial tenants immediate access to a dense cluster of sought-after retail and restaurant destinations. The asset underwent an extensive, top-to-bottom gut renovation between 2023 and 2024, featuring comprehensive upgrades including a new roof, updated electrical and plumbing systems, new HVAC, refreshed common areas, and complete interior unit renovations. This revitalization ensures that every section of the property has been modernized, positioning it as the trophy asset in the Ferndale market.

Heritage Apartments 120925

PROPERTY FACTS

Sale Type	Investment	Lot Size	0.12 AC
No. Units	14	Building Size	11,529 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment	No. Stories	3
Apartment Style	Low-Rise	Year Built/Renovated	1940/2024
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BI

Sale Type	Investment
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.12 AC
Building Size	11,529 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1940/2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BI