734-812-1724
32864 Amberidge Dr, Roseville, MI for Sale
Apartments - FOR SALE
1/2
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32864 Amberidge Dr
Roseville, MI 48066


HIGHLIGHTS

  • Established multifamily community built in 1985.
  • Convenient access to I-94 and I-696 regional transportation corridors.
  • Located within the Detroit metropolitan area.
  • Near Macomb Mall and major Gratiot Avenue retail amenities.
  • Positioned within an established residential neighborhood.
  • Accessible to major Macomb County employment centers.

OVERVIEW

GREA is pleased to present Amberidge Apartments. The property is a 45-unit multifamily community at 32864 Amberidge Drive in Roseville, Michigan. It was built in 1985. It offers 28,224 rentable square feet in a single-story, walk-up layout. The unit mix is 37 one-bedroom units and 8 two-bedroom units. Units average 627 square feet. The property is 98% occupied, with 44 of 45 units leased. Amberidge is a value-add opportunity. Fourteen units have been renovated. Thirty-one units remain in original condition. Renovated units achieve higher rents than classic units of the same floor plan. New ownership can extend the renovation program and move rents toward market. Water and trash are billed back to residents through RUBS. The location is strong. Amberidge sits in Macomb County, minutes from I-94 and I-696. Residents have direct access to downtown Detroit, Lake St. Clair, and major employers. These include the GM Global Tech Center, the U.S. Army Detroit Arsenal, and Stellantis. Over 48,000 people live within two miles. The area's housing stock is mature, with a median year built of 1967. This limits new competing supply.

FOR SALE DETAILS

PRICE

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# OF UNITS

45

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amberidge Apartments (45-Unit)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

104

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

RM-1

APN/PARCEL ID

08-14-04-126-034

ASK ABOUT THIS PROPERTY

Colin SoltisGREAMore Info
734-812-1724

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Colin SoltisGREAMore Info
734-812-1724

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