BEDS0
BATHS8 full
SQUARE FEET7,600
MLS#20261058360
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSouthfield Public Schools
Property Description
Chestnut Oaks is an 8-unit, fully occupied garden-style apartment community in Southfield offering a turnkey multifamily investment opportunity. Built in 1986, the property spans two 2-story buildings totaling approximately 7,600 SF on a 0.70-acre lot, zoned RM. Unit mix includes four 1BR/1BA units (850 SF) and four 2BR/1BA units (1,050 SF), each featuring in-unit washer/dryer. Masonry construction, natural gas and wall furnace heat, and 14 parking spaces (2.00/unit). Landlord pays water and trash; tenants pay electric. Professionally managed by Silverside Management with strong historical occupancy. Current NOI of $92,517 reflects a 6.73% cap rate on the $1,375,000 asking price ($171,875/unit), with upside to a pro forma NOI of $93,429 (6.79% cap rate) through market rent adjustments. Convenient location near W 11 Mile Rd and Marshall St with easy access to major Southfield corridors. Property is tenant-occupied; showings by appointment only. Contact listing agent for financial package and additional details.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Wall Furnace
Home Style: Common Entry Building
Lot Size: 0.77 Acres
Year Built: 1986
Feature Descriptions
Architecture: Common Entry Building
Exterior: Block
Foundation: Basement
Interior: Laundry Facility
Lot Dimensions: 0.77 Acre(s)
Road Frontage: Paved
Summer Tax: $12977.0000
Winter Tax: $3401.0000
Local Schools
School District: Southfield Public Schools
Listed By / Shown By
Listed By
Agency Name: Greater Development LLC
Agency Phone: (313) 209-2900
Shown By
Agent Name: Danielle Strickler
Agent Phone: (419) 290-9674
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 8,092.40 per month $7,691.36 Principal & Interest $0.00 Property Tax (data not provided by mls) $401.04 Homeowner's Insurance
15925 W 11 Mile Road | MLS# 20261058360
This multi-family property located at 15925 W 11 Mile Road , Southfield, MI 48076 is currently listed for sale with an asking price of $1,375,000. W 11 Mile Road is located within the Southfield Public Schools school district. Search Southfield real estate on www.danielle-realty.com today.