Steeple Chase represents an exceptional investment opportunity for a new construction multifamily community consisting of 18 units. The newly built property resides in one of the fastest growing submarkets in Michigan (Southeast Oakland County), equating to a significant opportunity for a new investor to plant their flag in the desirable Southeast Michigan Market. The property offers four different two-bedroom, two-bath contemporary floor plans with more than 1,336 SF of living space and an attached one car garage in each. Unit appointments include a contemporary kitchen design with premium cabinetry and high-end granite tops, spacious and appointed baths, modern paint colors and luxury flooring throughout the main living floor area. In select units, a spiral staircase leads to the unit’s master bedroom atop of its two-story townhome design.
Located in Southeast Michigan, Hazel Park sits at the intersection of the tri-county area, offering immediate access via I-75 and I-696 to Metro Detroit’s businesses, attractions, sporting events and night life. The property is also located less than two miles east of downtown Ferndale. Embracing the diversity of culture and creativity, Ferndale offers an eclectic lifestyle, nightlife, and entertainment as well as a family friendly vibe with many neighborhood parks and activities promoting a more active lifestyle. The recently built Amazon Fulfilment facility to the north of Steeple Chase is the new epicenter of employment for this neighborhood, sitting adjacent to the property. Hazel Park is home to more than 16,000 residents, offering its unique, small-town charm in a lively urban setting. Friendly neighborhoods, tree-lined streets and mom-and-pop shops make up the fabric of this truly one-of-a-kind community. Hazel Park is a great place to live, work and invest in, providing Steeple Chase and its owners a solid high-performing multifamily investment with strong long-term cash flow prospects once stabilized.