15925 W 11 Mile Road
Southfield, Michigan 48076
12
Bed
8
Bath
7,600Sqft
0.77Acre(Lot)
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. Con
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 8 Full Baths: 8 -
Interior Features
Laundry Facility Basement Description: Unfinished -
Heating & Cooling
Heating: Wall Furnace Heating Fuel: Natural Gas
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Building Information
Year Built: 1986 Building Stories: 2 Story Total Units: 8 Foundation/Basement: Basement Architecture: Common Entry Building -
Exterior Features
Construction: Block -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.77 Lot Dimensions: 100 x 305 -
Property Information
SQ ft: 7600 Financing: Cash,Conventional
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Listing Price Information
Original List Price: $1,375,000 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: T1N, R10E, SEC 24 E 100 FT OF W 400 FT OF N 1/2 OF N 1/2 OF NE 1/4 OF NE 1/4 EXC N 27 FT TAKEN FOR RD 0.71 A 12-19-13 CORR
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Tax Information
Annual Tax: $16,378 Parcel Number: 2424226003Possession
Subject To Tenant RightsLegal Information
Legal Description: Section: T1N, R10E, SEC 24 E 100 FT OF W 400 FT OF N 1/2 OF N 1/2 OF NE 1/4 OF NE 1/4 EXC N 27 FT TAKEN FOR RD 0.71 A 12-19-13 CORR
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Unit 1 Information
# of Bedrooms: 4 -
Unit 2 Information
# of Bedrooms: 4
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School Information
School District: Southfield Public Schools -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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ByOwner last updated this listing 08/17/2026 @ 00:09
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