Leroy Apartments 15405 E 11 Mile Rd 36 Unit Apartment Building $3,050,704 ($84,742/Unit) 8% Cap Rate Roseville, MI 48066

Leroy Apartments presents a rare opportunity to acquire a fully stabilized, income-producing multifamily asset in one of Macomb County’s most resilient rental submarkets. Located at 15405 E. 11 Mile Rd, Roseville, MI, this 36-unit community offers investors immediate cash flow with significant upside through a proven value-add renovation program. Recent upgrades have already demonstrated rent lifts, and remaining classic units provide a clear path for further income growth without major capital outlay.
Positioned minutes from major employment hubs—including GM’s Warren Technical Center, Detroit Medical Center, and the I-94 corridor—the property benefits from strong renter demand and consistently low vacancy rates. Residents enjoy seamless connectivity via I-94 and I-696, placing Downtown Detroit, Warren, and Sterling Heights within short commuting distance. HUD-supported rent ceilings ensure long-term stability and predictable income, while Section 8 tenancy reduces collection risk and enhances occupancy durability.
The property’s functional floorplans, dedicated parking, and well-maintained outdoor spaces create a desirable living environment for a diverse tenant base. With a cap rate of 8.00% and NOI exceeding $244,000, Leroy Apartments offers investors a compelling blend of immediate returns and long-term appreciation potential in a market known for recession-resistant performance.