12-Unit Multifamily Condo
28214-28234 Oakmonte Circle West New Hudson, MI 48165
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28214-28234 Oakmonte Circle West, New Hudson, MI, 48165
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For Sale
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Well-maintained 12-unit condo building with a mix of 2- and 3-bedroom units, all currently occupied.
Property Size17,570 SF
Price / SF$190.67
Days on Market5
Property Features for 28214-28234 Oakmonte Circle West
General Information
- Standard status
- Active
- Size
- 17,570 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency
Pilot Property Group
(586) 873-5419
Listed by
Anthony Rubino · License #MI 6502425251
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 4:38 am Checked: Jul 20 at 4:38 am
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This well-maintained 12-unit condo building offers a diverse unit mix, including eight 2-bedroom units and four 3-bedroom units. All units are currently occupied, providing immediate in-place rental coverage. The exterior features stone and brick accents, along with charming covered porches and sunny windows. Common grounds include professionally landscaped surroundings and winding walk paths, with a pool and clubhouse for residents.
Located in New Hudson, the property is described as being close to shops and services, as well as recreational destinations including golf courses and Kensington Metropark.
Designed with features and amenities intended to enhance daily living, the residences are described as having open interiors that flow room to room, with cozy kitchens and spacious living areas.
Located in New Hudson, the property is described as being close to shops and services, as well as recreational destinations including golf courses and Kensington Metropark.
Designed with features and amenities intended to enhance daily living, the residences are described as having open interiors that flow room to room, with cozy kitchens and spacious living areas.
Key Highlights
- Well‑maintained 12‑unit condo building built in 2007 in New Hudson (Lyon Township)
- Unit mix includes (8) 2‑bedroom units and (4) 3‑bedroom units
- All units are currently occupied, providing immediate cash flow
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $409.0k | $23.28 |
| − Vacancy | −$17.2k | −$0.98 |
| EGI | $391.9k | $22.30 |
| − OpEx | −$176.3k | −$10.04 |
| NOI | $215.5k | $12.27 |
17,570 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.08M
$2.69M – $3.59M
NOI $215,518 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,279 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit condo building with a mix of 2- and 3-bedroom units, all currently occupied.
Where is this apartment building located?
The property is located at 28214-28234 Oakmonte Circle West New Hudson, MI.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Well‑maintained 12‑unit condo building built in 2007 in New Hudson (Lyon Township); Unit mix includes (8) 2‑bedroom units and (4) 3‑bedroom units; All units are currently occupied, providing immediate cash flow
