30625 Martindale RdNew Hudson, MI 48165

Exceptional value-add opportunity presented by this eight-unit multifamily property, comprised of two-bedroom townhomes, each averaging 1,050 square feet. Located in desirable Oakland County, Michigan, this property boasts a 100% occupancy rate (as of May 31, 2024) and a strong 7% cap rate. The 7,400 square foot complex sits on a 3-acre lot, offering ample green space and 20 parking spaces. Built in 1978 and renovated in 2023, the property features two buildings, each two stories high, with low-maintenance exteriors and private entries, covered porches, and patios for each unit. All units include in-unit washer/dryer hookups. The property is currently serviced by a well and septic system, although public utilities are available. Current zoning permits the construction of four additional units, presenting a significant opportunity to increase revenue and property value. This prime location near major highways (I-96, I-275, and US-23) ensures high demand and easy access to employment centers, attracting top-tier residents. The property's strong performance and significant upside potential make it an ideal investment for discerning buyers seeking a value-add opportunity in a thriving market. The APN is 21-05-252-024.