2067 N Opdyke Rd
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2067 N Opdyke Rd
6 Unit Apartment Building $850,000 ($141,667/Unit) Auburn Hills, MI 48326
Investment Highlights
- (1) 3bdrm House + 5-unit Apartment Complex [(1) 2-bdrm & (4) 1-bdrm] ~ 100% occupied, Annual Leases
- Located in Auburn Hills on Opdyke Rd (Just NW of i75; University Exit)
- Potential for Future Redevelopment Play (Performing Land)
- Late 2023 Renovation: $230,000+ in CapEx Spent on Interior & Exterior, Parking Lot, Roof, etc
- Great Logistics - Close to the i75 Freeway, Woodward Ave, M59 and more
- Purchased 2023 - Taxes Uncapped within last 12 Months. Should Minimize Increase on Future Purchase
Executive Summary
6 Unit Apartment Complex consisting of (1) 3bdrm House + (1) 2-bdrm & (4) 1-bdrm. Includes over $230,000+ capital
improvements within the last 12 months. Purchased in Q2 2023 ~ so recently uncapped and assessed.
improvements within the last 12 months. Purchased in Q2 2023 ~ so recently uncapped and assessed.
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $141,667 | Lot Size | 1.23 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2023 |
| Apartment Style | Low Rise |
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1928/2023 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
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PROPERTY TAXES
| Parcel Number | 14-14-151-041 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $227,590 |
PROPERTY TAXES
Parcel Number
14-14-151-041
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$227,590
zoning
| Zoning Code | I1 (Light Industrial) |
| I1 (Light Industrial) |
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2067 N Opdyke Rd
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