Updated Condo in Kings
1525 Surrey Lane, Rochester Hills, MI 48306
Updated condo in Kings Cove near Downtown Rochester.
Type:Condo/Townhome
Property size:
1,452 SFLot size:
60.25 AcresPrice / SF:
$192/SF- Added:
- Mar 24, 2026
- Days on Market:
- 60
- Last Refresh:
- Apr 5 at 10:58 pm
Property Features for 1525 Surrey Lane
General Information
- Standard status
- Active
- Size
- 1,452 SF
- Lot size
- 60.25 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1974
Listing agent Emer Kenny License #6501396894
Listing office Keller Williams Paint Creek (248) 609-8000
Listing date Mar 24, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Paint Creek
HighLights
- Highly desirable Kings Cove location, minutes from Downtown Rochester and surrounded by Paint Creek Trail.
- HOA includes gas and water, reducing monthly expenses.
- Updated condo featuring a new composite deck, newer carpet, bamboo flooring, Samsung appliances, granite countertops, and custom Kraftmaid cabinets.
- Finished basement provides additional living space.
- Second‑floor laundry with included washer and dryer for added convenience.
- Community amenities include a pool, tennis/basketball courts, trails, and play areas.
Overview
Located in the Kings Cove community, this condo is situated minutes from Downtown Rochester. The property offers privacy, overlooking woods and positioned at the end of the street, adjacent to Paint Creek Trail. The Home Owners Association includes gas and water. Updates include a composite deck, fresh paint, newer carpet, bamboo flooring, Samsung appliances, granite countertops, and custom Kraftmaid cabinets. The condo features two upstairs bedrooms and a dual-entry full bath. A second-floor laundry includes a washer and dryer. The finished basement provides space for a home office, recreation area, or storage. The property includes a one-car garage. Community amenities include a pool, tennis and basketball courts, trails, and play areas. The property is located within the Rochester school district. The property size is 1452 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$197.9K
NOI $17,811 @ 9.00% cap · cautious / downside scenario
Moderate
$254.4K
NOI $17,811 @ 7.00% cap · market / base-case scenario
Aggressive
$356.2K
NOI $17,811 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $23.28 |
| − Vacancy | −$1.4k | −$0.98 |
| EGI | $32.4k | $22.30 |
| − OpEx | −$14.6k | −$10.04 |
| NOI | $17.8k | $12.27 |
1,452 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$254.4K
$222.6K – $296.9K
NOI $17,811 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.2K
$274.0K – $365.4K
NOI $21,923 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Rochester Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1489968
- Latitude
- 42.6997644
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Updated condo in Kings Cove near Downtown Rochester.
Where is this residential income property located?
The property is located at 1525 Surrey Lane Rochester Hills, MI.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Highly desirable Kings Cove location, minutes from Downtown Rochester and surrounded by Paint Creek Trail.; HOA includes gas and water, reducing monthly expenses.; Updated condo featuring a new composite deck, newer carpet, bamboo flooring, Samsung appliances, granite countertops, and custom Kraftmaid cabinets.
