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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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26640 Orchard Lake Rd , Farmington, MI 48334
$3,100,000
Est. Payment: $6,888.89/mo
0 Bed
16 Bath
0 Sqft
Status: Active | Days on site: 72
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432912 - 421721
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House Description

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.

Highlights

Listed by Michael McClafferty , 248-972-7040 OakPointe Real Estate Advisors , 248-972-7040.

Property Type

Multi-Family

Lot/Acreage
2.63

Year Built

2022

County

Oakland

Neighborhood

Farmington Hills

School District

Farmington

Listing ID

20261051110

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:16
  • Full Bathrooms:
Basement:Slab
Water:Public

Exterior Features

Principal Interest
$6,889
Taxes
$7,086

Home Price

$3,100,000

Loan Details

30 yrs
%

Down Payment

20%
$620,000
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Monthly Price:
$6,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,888.89 $7,085.75 $0.00 $13,974.64
Yearly $82,666.67 $85,029.00 $0.00 $167,695.67
Total $2,480,000.00 $2,550,870.00 $0.00 $5,030,870.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Farmington, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.