15925 W 11 Mile Road, Southfield, MI 48076

Southfield
Local realty services provided by:ERA Prime Real Estate Group
15925 W 11 Mile Road,Southfield, MI 48076
$1,375,000
  • - Beds
  • 8 Baths
  • 7,600 sq. ft.
  • Multi-family
  • Active
Listed by: brady williams
Office: greater development llc.
MLS#:20261058360
Source:MI_REALCOMP

Price summary

  • Price:$1,375,000
  • Price per sq. ft.:$180.92

About this home

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...

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Home facts

  • Year built:1986
  • Listing ID #:20261058360
  • Added:5 day(s) ago
  • Updated:August 01, 2026 at 10:03 AM

Rooms and interior

  • Total bathrooms:8
  • Full bathrooms:8
  • Basement Description:Full, Unfinished
  • Living area:7,600 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Wall Furnace

Structure and exterior

  • Year built:1986
  • Building area:7,600 sq. ft.
  • Lot area:0.77 Acres
  • Architectural Style:Common Entry Building
  • Construction Materials:Block
  • Foundation Description:Basement, Block
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,375,000
  • Price per sq. ft.:$180.92
  • Tax amount:$16,378

Features and amenities

  • Laundry features:In Unit
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