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    17487 Common Rd Roseville, MI 48066

    For Sale
    $250,000

    Multifamily property with five units near freeways, shopping, and dining.

    Lot size:
    0.37 Acres

    Property Features for 17487 Common Rd

    General Information

    Lot size
    0.37 Acres

    Building Details

    Year built
    1950

    Source: DOBI Real Estate Agent Craig B Joeright

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Income Potential

    This multi-family property features a total of five units, with three located in the main building and two in a separate structure. This arrangement presents a significant opportunity for generating passive income. Each unit includes 1 bedroom, 1 full bath, and a full kitchen, designed to provide tenants with comfortable and independent living spaces. Currently, three units are occupied and generating $650 per month each. Tenants benefit from separate yard areas and access to a large parking lot. The property's location offers convenient access to major freeways, shopping centers, and dining establishments. There is no on-site laundry.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.94233
    Latitude
    42.517212

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with five units near freeways, shopping, and dining.
    Where is this apartment building located?
    The property is located at 17487 Common Rd Roseville, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Passive income opportunity with 5 total units.; - Three units generating $650/month each.; - Each unit has 1 bedroom, 1 full bath, and a full kitchen.
    (248) 535-4750
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17487 Common Rd Roseville, MI 48066
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