12-Unit Residential Income
28214 Oakmonte Cir W New Hudson, MI 48165
New
28214 Oakmonte Cir W, New Hudson, MI, 48165
$3,350,000
For Sale
$3,350,000
Well-maintained 12-unit condo building with all units occupied and a mix of 2- and 3-bedroom layouts.
Property Size17,570 SF
Price / SF$190.67
Days on Market5
Property Features for 28214 Oakmonte Cir W
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 #6502425251
(586) 873-5419
Source
Cpix.resimplifi
Added: Jul 17 Updated: Jul 18 at 3:14 am Checked: Jul 21 at 3:02 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 offers an all-occupied configuration with immediate rental income. The unit mix includes (8) two-bedroom units with 1.5 baths and (4) three-bedroom units with 1.5 baths, providing a consistent floorplan strategy across the property. Exterior improvements include low-maintenance vinyl siding with brick and stone accents.
Located in New Hudson, the property is described as being west of Milford Road and south of Pontiac Trail, with easy access to I-96. The public remarks also note that a nearby Coyote golf course is planned for residential and town homes.
Building-specific details provided include the overall unit count, bedroom/bath configuration, and current occupancy status, supporting a straightforward income-focused showing for qualified buyers and brokers.
Located in New Hudson, the property is described as being west of Milford Road and south of Pontiac Trail, with easy access to I-96. The public remarks also note that a nearby Coyote golf course is planned for residential and town homes.
Building-specific details provided include the overall unit count, bedroom/bath configuration, and current occupancy status, supporting a straightforward income-focused showing for qualified buyers and brokers.
Key Highlights
- 12‑unit condo building built in 2007 with a mix of 2- and 3‑bedroom layouts
- All units currently occupied for immediate cash flow
- Unit mix includes (8) 2‑bed units (Astoria and Crestwood) and (4) 3‑bed units (Bedford)
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
Oakmont Mill River ...
Housing Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit condo building with all units occupied and a mix of 2- and 3-bedroom layouts.
Where is this apartment building located?
The property is located at 28214 Oakmonte Cir W 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: 12‑unit condo building built in 2007 with a mix of 2- and 3‑bedroom layouts; All units currently occupied for immediate cash flow; Unit mix includes (8) 2‑bed units (Astoria and Crestwood) and (4) 3‑bed units (Bedford)
