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26717 Berg Rd Southfield, MI 48033

Large Multifamily Investment Opportunity in Southfield, MI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional multifamily investment opportunity comprises a portfolio of two mid-rise apartment buildings located at 26717 Berg Rd, Southfield, MI 48033, in Oakland County. The portfolio totals 384 units across 280,000 square feet, situated on a 22-acre lot. Building #1 offers 208 units within 199,045 square feet, boasting 360 parking spaces and four distinct floor plans. Building #2 features 176 units across 91,688 square feet, providing 168 parking spaces and four different floor plan types. Both buildings are currently 100% occupied. Constructed in 1964, these Class C properties are zoned for residential use and offer fee simple ownership. Residents enjoy convenient on-site amenities including ample parking and laundry facilities. The property's prime location provides easy access to a variety of shopping, dining, and entertainment options, promising strong rental income and significant long-term growth potential. This portfolio presents a compelling investment opportunity in Southfield's thriving rental market.

Highlights

  • Building #1: 199,045 SF, 208 units, 100% occupancy, 4 floor plans, 360 parking spaces.
  • Building #2: 91,688 SF, 176 units, 100% occupancy, 4 floor plans, 168 parking spaces.
  • Mid-rise apartment buildings with on-site parking and laundry facilities in a convenient location.
  • Excellent access to shopping, dining, and entertainment.
  • Strong potential for rental income and long-term appreciation.

Property Details for 26717 Berg Rd

Property type
Apartment buildings
Square Feet
280,000 SF
Class
C
Year Built
1964
Lot Size (sq. ft)
958,320 SF
Units
384

Location Insight

City
Southfield
County
Oakland
State
Michigan
Latitude
42.4854859
Longitude
-83.2791339

FAQs

What type of property is this?
Apartment building - Large Multifamily Investment Opportunity in Southfield, MI
Where is the apartment building located?
The property is located at 26717 Berg Rd Southfield, MI.
What are key features of this property?
This property features: Building #1: 199,045 SF, 208 units, 100% occupancy, 4 floor plans, 360 parking spaces.; Building #2: 91,688 SF, 176 units, 100% occupancy, 4 floor plans, 168 parking spaces.; Mid-rise apartment buildings with on-site parking and laundry facilities in a convenient location.
How can I contact the broker?
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26717 Berg Rd
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