25500 Greenfield Rd | Oak Park, MI 48237
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- LoopNet Team
25500 Greenfield Rd
Oak Park, MI 48237
The LOOP on Greenfield · Multifamily Property For Sale
·
717 Units
INVESTMENT HIGHLIGHTS
- The LOOP on Greenfield presents a 717-unit multifamily complex built in the 1960 and presented to the market with immense value-add.
- Since renovation in 2019, ownership has completed the upgrade of approximately 200 new kitchens, appliances, flooring, and fixtures.
- The complex is in Oak Park, a peaceful suburb 14 miles northwest of the bustling Detroit metro.
- Over the past decade, Oak Park has grown to have an abundance of shopping, dining, and mixed-use venues.
PROPERTY FACTS
| No. Units | 717 | Building Size | 717,609 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1965/2019 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Lot Size | 19.56 AC | ||
| Zoning | RM-1 - multiple-family residential districts of low-rise buildings | ||
| No. Units | 717 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 19.56 AC |
| Building Size | 717,609 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2019 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RM-1 - multiple-family residential districts of low-rise buildings |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Grill
- Walking/Biking Trails
- Maintenance on site
- Online Services
- Sundeck
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 43 | $840.50 | 400 |
| 1+1 | 297 | $967.00 | 685 |
| 2+1 | 377 | $1,187 | 865 - 875 |
PROPERTY TAXES
| Parcel Number | 25-19-301-012 | Improvements Assessment | $0 |
| Land Assessment | $1,492,400 | Total Assessment | $1,492,400 |
PROPERTY TAXES
Parcel Number
25-19-301-012
Land Assessment
$1,492,400
Improvements Assessment
$0
Total Assessment
$1,492,400
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