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 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.
| MLS # | 61008850 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 96 |
| Listing Provided By | OakPointe Real Estate Advisors | Michael McClafferty |
| Bath(s) | 16 Total |
|---|---|
| SQ Feet | 19,123 |
| Story(s) | 1 |
| Units | 8 |
| Zoning | Residential |
| Acreage | 2.63 |
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
| Construction Materials | Brick, Vinyl Siding |
|---|---|
| Foundation Details | Slab |
| List Aor | Real Comp |
|---|
| Property | 85029 |
|---|
| State | MI |
|---|---|
| County | Oakland |
| City | Farmington |
| Zip Code | 48334 |
| Area | Farmington Hills (63231) |
| Community Name | Springland |
| Listing VS Median (in Springland) | |
Price: $3,000,000 low | high Med: $3,000,000 sqft: 19,123 low | high Med: 19,123 $ / sqft: $157 low | high Med: $157 On site: 96 low | high Med: 96 | |
| State | MI |
|---|---|
| County | Oakland |
| City | Farmington |
| Zip Code | 48334 |
| Area | Farmington Hills (63231) |
| Community Name | Springland |
| Listing VS Median (in Springland) | |
Price: $3,000,000 low | high Med: $3,000,000 sqft: 19,123 low | high Med: 19,123 $ / sqft: $157 low | high Med: $157 On site: 96 low | high Med: 96 | |