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34463868
34463867

28214-28234 Oakmonte Circle West, New Hudson, MI 48165 For Sale

AR
MI 6502425251
Pilot Property Group
JD
MI 6501368863
Pilot Property Group
Listed by Pilot Property Group
$3,350,000
1 day on market
Updated 1 day ago

Oakmonte Mill River

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,570
Units 12
Cap Rate 3.90%
NOI $130,768
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.18%
Pro-Forma NOI $206,902
Year Built 2007
Buildings 1
Zoning Multifamily

Multifamily Condo Complex | 12 Units

Marketing description

An excellent investment opportunity in New Hudson, a vibrant community in Lyon Township that seamlessly blends historical charm with modern progress. This well-maintained 12-unit condo offers strong rental potential and long-term upside. The building features a diverse unit mix including (8) 2-bedroom units as well as (4) 3-bedroom units which attracts commuters and families.

All units are currently occupied, providing immediate cash flow. Rent rates for the area are ideal for maximizing future rental income.

Designed with a commitment to the principle that a home should both please the eye and offer exceptional value, Oakmonte at Mill River includes many of the features and amenities often considered optional in other communities. Exteriors with stone and brick accents, charming covered porches and sunny windows give way to open, easy-living interiors that flow easily from room to room. Cozy kitchens, spacious living rooms and luxurious master suites adapt perfectly to echo your personality and taste, while professionally landscaped surroundings, winding walk paths and a spectacular pool and clubhouse tempt you to enjoy the great outdoors.

Ideally located in close proximity to an abundant array of shops and services, as well as tantalizing recreational destinations including golf courses and Kensington Metropark, Oakmonte at Mill River is the perfect stage for all the times of your life, wonderfully enriched by the region's renowned scenic beauty, expectantly awaiting the pursuit of your passions.

Investment highlights

  • Unit Mix: (4) Astoria: 2 beds/1.5 baths, (4) Crestwood: 2 beds/1.5 baths, (4) Bedford: 3 beds/1.5 baths
  • Low Maintenance vinyl siding and brick with stone accents
  • Asphalt shingle roofing
  • Nearby Coyote golf course is planned for residential and town homes
  • West of Milford Road, South of Pontiac Trail, with easy access to I-96
  • Built in 2007
  • Resort Style Living
  • Private Entrances
  • Covered Porches & Balconies
  • Water Sites
  • Ample Parking
  • Merillat Cabinets
  • 2 & 3 Bedroom Units - Condo Style
  • 1 & 2 Car Attached Garages
  • Custom Fireplace with Granite Surround and Custom Mantle
  • Soaring Cathedral Ceiling in all Upper Units
  • Master Suites with Private Baths and Spacious Closets
  • Large Kitchen with Granite Countertops
  • Energy Efficient
  • Clubhouse with Pool, Hot Tub, and Fitness Center
  • Walking Trails
  • Pond, Park, Open Space
  • Excellent South Lyon Schools
  • Near Kensington Park, Interstate 96, Golf Course, Shops, and More!
  • Sport Courts

Listing Contacts

AR
MI 6502425251
Pilot Property Group
JD
MI 6501368863
Pilot Property Group
Listed by Pilot Property Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,768.37
$10,897.36/mo

Valuation Metrics

0
DSCR
3.9%
Cap Rate
3.9%
ROI

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