23210 Middlebelt Rd - Apartments FOR SALE


Farmington, MI 48336
$2,400,000 USD
248-356-8000
23210 Middlebelt Rd, Farmington, MI for Sale
$2,400,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

23210 Middlebelt Rd
Farmington, MI 48336


HIGHLIGHTS

  • 13,120 SF apartment building on 1 acre
  • 2 floors 
  • 16 units: one bedroom 
  • Built in 1986
  • Ideal for high-rise development
  • Located less than 3 miles from thriving Downtown Farmington 

OVERVIEW

Explore an exceptional investment opportunity with this fully leased and renovated, 16-unit property in the highly sought-after area of Farmington Hills, MI. Built in 1986 and zoned RC2, this property presents an ideal canvas for high-rise development, offering an expansive portfolio potential. Situated in a prime location, the well maintained property, promises excellent investment returns and strategic real estate value. Embrace the chance to secure a distinctive asset with immense potential for both immediate and long-term growth in the thriving Farmington Hills community.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

16

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ONE11 Farmington North

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

RC-2

APN/PARCEL ID

23-25-301-053

ASK ABOUT THIS PROPERTY

Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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Ferris HamamaKeystone Commercial Real EstateMore Info
248-356-8000

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