26640 Orchard Lake Rd - Apartments FOR SALE


Farmington Hills, MI 48334- Farmington
$3,300,000 USD
248-972-7040
26640 Orchard Lake Rd, Farmington Hills, MI for Sale
$3,300,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

26640 Orchard Lake Rd
Farmington Hills, MI 48334
Farmington


HIGHLIGHTS

  • Opportunity to acquire an eight-unit, purpose-built luxury rental community in one of Oakland County's strongest submarkets
  • 100% Occupied with Immediate Upside – Fully leased property featuring below-market rents with a clear path to future revenue growth
  • Eight Spacious 2 Bed / 2.5 Bath Units
  • Attached Two-Car Garages & Private Entrances with private rear deck
  • Tenant-Paid Utilities Minimize Expense

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

8

PRICE/UNIT

$412,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Orchards Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

16

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

201

APN/PARCEL ID

23-14-302-036

ASK ABOUT THIS PROPERTY

Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

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Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

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