Luxury 8 Unit Multifamily Community
Investment Summary
- Premium Ranch-Style Residences – Condominium-quality 2-bedroom, 2.5-bath ranch-style residences featuring attached two-car garages, dedicated office/den space, in-unit laundry, private rear decks, and select gas fireplaces, offering a highly desirable maintenance-free living experience for a broad tenant demographic.
- 2002 Vintage Asset - Purpose-built eight-unit rental community constructed in 2022 with modern building systems and tenant-paid utilities (water, gas, electric, and trash), creating a low-maintenance ownership opportunity with limited capital expenditure requirements and strong long-term cash flow potential.
- 100% Occupied Community – The property benefits from full occupancy and below-market in-place rents, providing investors with both immediate income and a clear path to future NOI growth.
- Affluent, Supply-Constrained Submarket – Located in one of Oakland County’s most desirable residential communities, with average household incomes exceeding $124,000 within a three-mile radius and limited competing rental inventory offering ranch-style floorplans, attached garages, and condominium-quality living.
Location Summary
- High-Income, Supply-Constrained Submarket | Farmington Hills continues to be one of Metro Detroit's most sought-after rental markets, supported by strong household incomes, high homeownership barriers, and limited new multifamily development. The area's affluent demographics and limited supply of comparable rental housing help support long-term occupancy and rent growth.
- Access to Major Employment & Retail Centers | The property offers excellent connectivity to the M-5 Corridor, I-696, I-275, and I-96, providing convenient access to major employment hubs throughout Novi, Southfield, Troy, Auburn Hills, and Downtown Detroit. Residents are also minutes from Twelve Oaks Mall, Twelve Mile Crossing, Costco, Target, Meijer, and a wide variety of dining and entertainment options.
- Premier Farmington Hills Location | The Orchards is located along Orchard Lake Road in Farmington Hills, one of Oakland County's most established and affluent suburban communities. Residents benefit from a desirable blend of suburban tranquility, strong demographics, and convenient access to employment, retail, healthcare, and recreational amenities.
- Lifestyle & Quality of Life Amenities | Residents enjoy proximity to numerous parks, golf courses, lakes, walking trails, and recreational destinations throughout Oakland County. The property is also conveniently located near Downtown Farmington, Downtown Northville, and Downtown Birmingham, offering access to premier shopping, dining, and community events.