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The Orchards Townhomes 26640 Orchard Lake Rd 8 Unit Apartment Building $3,300,000 ($412,500/Unit) Farmington Hills, MI 48334
Investment Highlights
- Opportunity to acquire an eight-unit, purpose-built luxury rental community in one of Oakland County's strongest submarkets
- Eight Spacious 2 Bed / 2.5 Bath Units
- Tenant-Paid Utilities Minimize Expense
- 100% Occupied with Immediate Upside – Fully leased property featuring below-market rents with a clear path to future revenue growth
- Attached Two-Car Garages & Private Entrances with private rear deck
Executive Summary
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.
Property Facts
| Price | $3,300,000 | Building Class | C |
| Price Per Unit | $412,500 | Lot Size | 2.63 AC |
| Sale Type | Investment | Building Size | 19,123 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Townhome | Parking Ratio | 2/1,000 SF |
| Zoning | 201 - Commercial | ||
| Price | $3,300,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.63 AC |
| Building Size | 19,123 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 2/1,000 SF |
| Zoning | 201 - Commercial |
Amenities
Site Amenities
- Laundry Facilities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | $3,225 | 1,800 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-14-302-036 | Improvements Assessment | $1,487,370 |
| Land Assessment | $79,220 | Total Assessment | $1,566,590 |
Property Taxes
Parcel Number
23-14-302-036
Land Assessment
$79,220
Improvements Assessment
$1,487,370
Total Assessment
$1,566,590
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Contact the Sale Advisor
The Orchards Townhomes | 26640 Orchard Lake Rd