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Jim Blehm

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

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15925 W 11 Mile Rd , Southfield, MI 48076
$1,375,000
Est. Payment: $7,080.55/mo
0 Bed
8 Bath
0 Sqft
Status: active | Days on site: 6
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House 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.

Highlights

Listed by Brady Williams , 360-989-5395 Greater Development LLC , 313-209-2900. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.77

Year Built

1986

County

Oakland

Neighborhood

Southfield City

Listing ID

20261058360

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:8
  • Full Bathrooms:
Other:Public

Exterior Features

Principal Interest
$7,081
Taxes
$1,365

Home Price

$1,375,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$275,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,080.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,080.55 $1,364.83 $0.00 $8,445.39
Yearly $84,966.66 $16,378.00 $0.00 $101,344.66
Total $2,548,999.77 $491,340.00 $0.00 $3,040,339.77
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Southfield, 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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-02T23:53:55.000Z

© 2026 MichRIC