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Kory Lambarth

kory@korvanrealty.com +1(313) 283-2781

$ 3,300,000

Est. payment | -/mo

16 Baths

2.63 Acres Lot

Save

$ 3,300,000

Est. payment | -/mo

Save

16 Baths

2.63 Acres Lot

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

Listed by OakPointe Real Estate Advisors

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 283-2781

kory@korvanrealty.com

26640 Orchard Lake Road Farmington, MI 48334