15405 E. 11 Mile Rd.

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15405 E. 11 Mile Rd.

Roseville, MI 48066
Asking Price
$2.68M
Cap Rate
8.25%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 8.25% CAP | 36 Units <ul><li>​Value-add Opportunity with Continued Renovations: 50% of the units have been updated, demonstrating proven rent lifts. Remaining classic units present a high-impact, low-cost renovation strategy that can be executed immediately to drive further rent increases without major capital expenditures.</li><li>​Immediate Income Stream: The asset is currently stabilized and cash-flowing, offering investors in-place income from day one with the ability to organically grow returns through strategi

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NOI
$80,000
Cap Rate
2.99%
DSCR
0.50
Underwater
Cash-on-Cash
-9.83%
Monthly Payment
$13,244.721
Annual Cash Flow
$-78,936.655

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