15925 W 11 Mile RD, Southfield, MI 48076
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15925 W 11 Mile RD, Southfield, MI 48076
15925 W 11 Mile RD, Southfield, MI 48076
15925 W 11 Mile RD, Southfield, MI 48076
15925 W 11 Mile RD, Southfield, MI 48076
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Complete Realty Group

Complete Realty Group

+1(248) 291-7210
$ 1,375,000
Est. payment /mo
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15925 W 11 Mile RD Southfield, MI 48076

8 Baths

7,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 7,600 sqft

Price per Sqft $180

MLS Listing ID 20261058360

Style Common Entry Building

Full Baths 8

Year Built 1986

Lot Size 0.770 Acres

Acres 0.77

Property Sub-Type MultiFamily

Property Description

Chestnut Oaks is an 8-unit, fully occupied garden-style apartment community in Southfield offering a turnkey multifamily investment opportunity. Built in 1986, the property spans two 2-story buildings totaling approximately 7,600 SF on a 0.70-acre lot, zoned RM. Unit mix includes four 1BR/1BA units (850 SF) and four 2BR/1BA units (1,050 SF), each featuring in-unit washer/dryer. Masonry construction, natural gas and wall furnace heat, and 14 parking spaces (2.00/unit). Landlord pays water and trash; tenants pay electric. Professionally managed by Silverside Management with strong historical occupancy. Current NOI of $92,517 reflects a 6.73% cap rate on the $1,375,000 asking price ($171,875/unit), with upside to a pro forma NOI of $93,429 (6.79% cap rate) through market rent adjustments. Convenient location near W 11 Mile Rd and Marshall St with easy access to major Southfield corridors. Property is tenant-occupied; showings by appointment only. Contact listing agent for financial package and additional details.

Location

State MI

County Oakland

Area Area02244Southfield

Rooms

Basement Full, Unfinished

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Laundry InUnit

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Southfield Public Schools

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Brady Williams of Greater Development LLC

NEARBY SCHOOLS & PROPERTIES

Complete Realty Group

Complete Realty Group

+1(248) 291-7210

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15925 W 11 Mile RD