2067 Opdyke RdAuburn Hills, MI 48326

Property Details for 2067 Opdyke Rd

Year built

1928

Lot size

1.23 AC

Property size (Sq ft)

2,461 SF

Property type

Apartment buildings

Description

Exceptional investment opportunity in Auburn Hills, Michigan, presents a six-unit apartment complex at 2067 N Opdyke Rd, boasting 2,461 square feet on a 1.23-acre lot (APN 14-14-151-041). This Class C multifamily property, built in 1928 and extensively renovated in 2023, offers a compelling mix of unit sizes: one three-bedroom house, one two-bedroom apartment, and four one-bedroom apartments. Currently operating at 100% occupancy with annual leases, this property benefits from over $230,000 in capital improvements completed within the last year, encompassing interior and exterior upgrades, parking lot improvements, and roof repairs. The property's strategic location on Opdyke Road, just northwest of I-75's University exit, provides excellent access to major roadways including I-75, Woodward Avenue, and M-59, enhancing its appeal to tenants and investors alike. Zoned I-1 (Light Industrial), this property presents potential for future redevelopment, leveraging its prime location and performing land status. The recent 2023 purchase ensures that property taxes are currently uncapped, minimizing potential future tax increases. This turnkey investment offers immediate cash flow and long-term growth potential. The asking price is $850,000.

Location Insight

City

Auburn Hills

County

Oakland

State

Michigan

Latitude

42.6721

Longitude

-83.2463

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