The Orchards Townhomes presents an 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 single story apartments, each offering 2 bedrooms, 2.5 bathrooms, an attached two-car garage, private entrance, in-unit… Read More laundry, dedicated office/den, and a private rear deck. Select units also feature fireplaces. The property is believed to offer ADA-accessible features in units, subject to buyer verification.
The property rents below the cost to own a median home in Farmington Hills. Residents pay gas, electric, water, and trash, resulting in low operating expenses. Offering memorandum, financial information, and due diligence materials are available upon request. Assumable financing available. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of OakPointe Real Estate Advisors, 248-972-7040
Listing Snapshot
Days Online
130
Last Updated
Property Type
MultiFamily
Full Baths
16
Square Ft.
19,123
Lot Size
2.63 Acres
Year Built
2022
MLS Number
20261051110
Additional Details
Property Access
Frontage Type: Paved
Building
Built in 2022, Living area: 19123.0, Levels: One, Construction Materials: Brick, VinylSiding
Disclosures
ProjectedIncome, TaxesNotHomesteadExempt
Exterior Features
Patio/Porch Features: Deck
Foundation
Slab
Heating
ForcedAir, NaturalGas
Income
Gross ScheduledIncome: $336,000, Net Operating Income: $246,606
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