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ONE11 Farmington North 23210 Middlebelt Rd 16 Unit Apartment Building $2,400,000 ($150,000/Unit) Farmington, MI 48336
Investment Highlights
- 13,120 SF apartment building on 1 acre
- 16 units: one bedroom
- Ideal for high-rise development
- 2 floors
- Built in 1986
- Located less than 3 miles from thriving Downtown Farmington
Executive Summary
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.
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.63 AC |
| Sale Condition | High Vacancy Property | Building Size | 15,864 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.77/1,000 SF |
| Zoning | RC-2 - RC2 | ||
| Price | $2,400,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.63 AC |
| Building Size | 15,864 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | RC-2 - RC2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
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Property Taxes
| Parcel Number | 23-25-301-053 | Improvements Assessment | $508,890 |
| Land Assessment | $87,120 | Total Assessment | $596,010 |
Property Taxes
Parcel Number
23-25-301-053
Land Assessment
$87,120
Improvements Assessment
$508,890
Total Assessment
$596,010
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ONE11 Farmington North | 23210 Middlebelt Rd
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