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$3,300,000
16 Baths
19,123 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 19,123 sqft
Subdivision Springland
MLS Listing ID 20261051110
Style Other
Full Baths 16
Year Built 2022
Lot Size 2.630 Acres
Acres 2.63
Property Sub-Type MultiFamily
Property Description
OakPointe Real Estate Advisors is pleased to present the opportunity to acquire a purpose-built, 8-unit luxury multifamily community in the Farmington Hills submarket, located less than one-half mile from I-696. Built in 2022, the property features eight ranch-style apartments, each offering 2 bedrooms, 2.5 bathrooms, an attached two-car garage, private entrance, in-unit laundry, dedicated office/den, and a private rear deck. Select units also feature fireplaces. The property is 100% occupied with rents below the cost to own a median home in Farmington Hills. Residents pay gas, electric, water, and trash, resulting in low operating expenses. Modern construction, minimal deferred maintenance, and a location near major employment centers, shopping, dining, and expressways make this an attractive long-term investment. Offering memorandum, financial information, and due diligence materials are available upon request. Assumable financing available.
Location
State MI
County Oakland
Area Area02231Farmingtonhills
Interior
Heating Forced Air, Natural Gas
Fireplace No
Laundry InUnit
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Farmington
Others
Senior Community false
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Michael McClafferty of OakPointe Real Estate Advisors
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