4144 Airport Road
Waterford, Michigan 48329
20
Bed
20
Bath
11,500Sqft
1.54Acres(Lot)
Airport Road Apartments is a 20-unit multifamily community situated on Airport Road in Waterford, Michigan — a stable, in-demand submarket within Oakland County. The property consists of two single-story buildings totaling 11,500 square feet, originally constructed in 1954. All 20 units are one-bedroom, one-bathroom floor plans, offering a consistent and easily managed unit mix that appeals to a broad renter demographic. The property is currently operating at 90% occupancy with gross rental revenue exceeding $17,000 per month, reflecting strong baseline demand. Current rents range from $925 to $975 per month, while market comparables suggest rents of $995 to $1,095 per month are achievable — representing meaningful upside for a new owner willing to execute modest lease-up and repositioning
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 20 Full Baths: 20 -
Heating & Cooling
Heating: Forced Air,Separate Meters Heating Fuel: Natural Gas
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Building Information
Year Built: 1954 Building Stories: 1 Story Total Units: 20 Foundation/Basement: Slab Architecture: A-Frame -
Exterior Features
Construction: Wood -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 1.54 Lot Dimensions: 249.58X243.77 -
Property Information
SQ ft: 11500 Subdivision: Suprvrs 19 - Waterford Township Financing: Cash,Conventional,FHA
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Listing Price Information
Original List Price: $2,200,000 -
Listing Information
Possession: At Close Legal Description: T3N, R9E, SEC 4 SUPERVISOR'S PLAT NO 19 PART OF LOT 6 BEG AT SW LOT COR, TH N 01-46-30 W 249.58 FT, TH N 87-55-48 E 242.90 FT, TH S 02-10-30 E 249.58 FT, TH S 87-55-48 W 244.64 FT TO BEG, ALSO 1/2 OF VAC STEFFENS ST ADJ TO SAME
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Tax Information
Annual Tax: $32,807 Parcel Number: 1304151003Possession
At CloseLegal Information
Legal Description: Section: T3N, R9E, SEC 4 SUPERVISOR'S PLAT NO 19 PART OF LOT 6 BEG AT SW LOT COR, TH N 01-46-30 W 249.58 FT, TH N 87-55-48 E 242.90 FT, TH S 02-10-30 E 249.58 FT, TH S 87-55-48 W 244.64 FT TO BEG, ALSO 1/2 OF VAC STEFFENS ST ADJ TO SAME
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Unit 1 Information
# of Bedrooms: 20
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School Information
School District: Waterford -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 06/20/2026 @ 20:29
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