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15925 W 11 Mile Rd

southfield, MI 48076

$1,375,000

  • 8 BA
    approx. 7,600 SF

Interested? Let's Connect

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.

Details

7,600 Sq Ft

0.77 Private Acres Lot Size

investment

$1,365 Monthly Tax

Built in 1986

MLS/Listing ID 20261058360

8 Units

Amenities & Features

Construction - Block

Block

Basement

Heating - Wall Furnace

Heating - Natural Gas

In Unit Laundry

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 15925 W 11 Mile Rd?

NJMLS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the REALCOMP. Real estate listings held by brokerage firms other than {{BROKERAGE}} are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS.