26640 Orchard Lake Rd, Farmington Hills, MI 48334

$3,300,000
16
BA
19,123
SqFt

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List Price
$3,300,000
MLS#
20261051110
Status
ACTIVE
Bathrooms
16
Subdivision
SPRINGLAND

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.

Additional Information

Year Built
2022
Acres
2.63
Style
Other
Acres
2.63
School District
Farmington
Heating
Forced Air, Natural Gas

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Courtesy of OakPointe Real Estate Advisors 2489727040