2067 N Opdyke Rd - Apartments FOR SALE


Auburn Hills, MI 48326
$850,000 USD
248-476-3700
2067 N Opdyke Rd, Auburn Hills, MI for Sale
$850,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

2067 N Opdyke Rd
Auburn Hills, MI 48326


HIGHLIGHTS

  • (1) 3bdrm House + 5-unit Apartment Complex [(1) 2-bdrm & (4) 1-bdrm] ~ 100% occupied, Annual Leases
  • Late 2023 Renovation: $230,000+ in CapEx Spent on Interior & Exterior, Parking Lot, Roof, etc
  • Located in Auburn Hills on Opdyke Rd (Just NW of i75; University Exit)
  • Great Logistics - Close to the i75 Freeway, Woodward Ave, M59 and more
  • Potential for Future Redevelopment Play (Performing Land)
  • Purchased 2023 - Taxes Uncapped within last 12 Months. Should Minimize Increase on Future Purchase

OVERVIEW

6 Unit Apartment Complex consisting of (1) 3bdrm House + (1) 2-bdrm & (4) 1-bdrm. Includes over $230,000+ capital improvements within the last 12 months. Purchased in Q2 2023 ~ so recently uncapped and assessed.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$425 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

I1

APN/PARCEL ID

14-14-151-041

ASK ABOUT THIS PROPERTY

Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

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Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

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