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$3,100,000
Est. payment /mo
16 Baths
2.63 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Farmington Hills
Subdivision Farmington Hills
MLS Listing ID 20261051110
Year Built 2022
Annual Tax Amount $85,029
Lot Size 2.630 Acres
Acres 2.63
Lot Dimensions irregular
Source Realcomp
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
Zoning Residential
Direction South of 696 along Orchard Lake Rd.
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Farmington
Others
Tax ID 2314302036
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
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Listed by OakPointe Real Estate Advisors
Nearby School & Business
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