North Row Apartments

Vacant Land for Sale
Catylist Listing ID: 30810414
Property Subtypes: Multi-Family
Gross Land Area: 2.41 Acres
Sale Price: $1,100,000
Unit Price: $456,431 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/12/2022

Overview / Comments

Site plan approved for 20 spacious high end rental units or condos located just North of downtown Rochester, within walking distance to Papa Joes, Starbucks and Hamlin Pub.
Lower ranch units are 1212 sq ft with a front courtyard patio and upper units are 1641 sq ft with dual balconies.
5 buildings with 4 units in each building and attached 1 car garage for each unit. All units are 2 bedrooms, 2 bathrooms.
Full engineering approval from City of Rochester Hills. Full building plans, MEP plans and interior design can be included. (negotiable)
Previous building already demolished.
Clean phase 1 report.
Cash, contract terms or joint venture considered for qualified buyers.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Rochester
Tax ID/APN: 15-03-476-018
Zoning: FLEX USE-1
Property Located Between: South of Orion Rd, West of Rochester Rd and North of W. Tienken Rd. Behind the Papa Joe's shopping complex.
Property Visibility: Good
Largest Nearby Street: Orion Rd
Feet of Frontage: 461
Lot Frontage: 461
Development Name: North Row
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,897 64,593 159,627
Median Age: 41.26 41.87 40.04
Households: 3,983 24,889 61,726


Photograph of Listing Agent

Kevin Baird

Real Estate One-Troy
CPIX Member
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