20
See all 20 photos
$3,100,000
Est. payment /mo
16 Baths
19,123 SqFt
Price Dropped by $200K
26640 Orchard Lake Road Farmington, MI 48334 4547
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,123 sqft
Price per Sqft $162
Subdivision Mi
MLS Listing ID 61008850
Style 1 Story
Full Baths 16
Year Built 2022
Annual Tax Amount $85,029
Lot Size 2.630 Acres
Acres 2.63
Lot Dimensions irregular
Property Sub-Type Multi-Family
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
Area Farmington Hills (63231)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick, Vinyl Siding
Amenities Available Laundry Facility
Building
Story 1 Story
Foundation Slab
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District Farmington Public School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by OakPointe Real Estate Advisors
NEARBY SCHOOL & BUSINESS
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