248-497-3171
15405 E 11 Mile Rd, Roseville, MI for Sale
Apartments - FOR SALE
1/8
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15405 E 11 Mile Rd
Roseville, MI 48066


OVERVIEW

Value-add Opportunity with Continued Renovations: 50% of the units have been updated, demonstrating proven rent lifts. Remaining classic units present a high-impact, low-cost renovation strategy that can be executed immediately to drive further rent increases without major capital expenditures. Immediate Income Stream: The asset is currently stabilized and cash-flowing, offering investors in-place income from day one with the ability to organically grow returns through strategic upgrades and renewed management efficiencies. Desirable Unit Mix & Amenities: The community consistently attracts a broad spectrum of renters, from young professionals to small families. Functional floorplans, abundant natural light, and practical on-site conveniences; such as dedicated parking, controlled building entry, and wellmaintained outdoor common areas, create a comfortable living environment that supports high occupancy and strong resident satisfaction. Proximity to Major Employment & Education: Located minutes from major regional employers such as the Macomb Mall corridor, Detroit Medical Center, General Motors Tech Center, and the broader I-94 employment axis. The site also benefits from its proximity to local schools, colleges, and training centers.

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leroy Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

RM 1

APN/PARCEL ID

08-14-18-353-027

ASK ABOUT THIS PROPERTY

John YousifAQRE AdvisorsMore Info
248-497-3171

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John YousifAQRE AdvisorsMore Info
248-497-3171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.