Building Details

Year Built 1964

Units 946

Listing Agency: The Jonna Group at Colliers International

Listed By: Simon Jonna · License #MI 6501357188 Show Phone

Source: Crexi

Added: Jun 5, 2023 Changed: Oct 11 Last Checked: Oct 16 at 9:38AM

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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 The Jonna Group at Colliers International

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Investment Insights

Based on property information with market context.

An apartment building portfolio is available for purchase. The property, located in Southfield, Michigan, presents an opportunity for investors to expand their portfolios in the area's rental market. The property size is 280000 square feet.

Key Highlights

• Competitive price
• Apartment building portfolio
• Opportunity to invest in Southfield's thriving rental market

Property Analytics

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Current Use

Oak Ridge Apartments Apartment Building

Suggested Use

Top Pick Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Parking Lot & Garage Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

355

Businesses Nearby

Explore this area Business Placement

Demographics for 48033, MI

17,207

Population

9,198

Households

1.9

Avg Household Size

47

Median Age

33%

College-Educated

93%

High-School Grad

9.1 sq mi

ZIP Area

1,891

Density / Sq Mi

$55,599

Median Household Income

$45,192

Median Earnings

$1,242

Median Rent

$195,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building portfolio in Southfield's thriving rental market.

Where is this apartment building located?

The property is located at 26717 Berg Rd Southfield, MI.

What are key features of this property?

This property features: Competitive price; Apartment building portfolio; Opportunity to invest in Southfield's thriving rental market