14246 Shadywood Dr 10 Unit Apartment Building $3,442,425 CAD ($344,243 CAD/Unit) Sterling Heights, MI 48312

These condos, built around 2015–2016, are currently leased on two-year terms at an average monthly rent of $1950 per unit, with options to extend at the landlord’s discretion. Each unit is in excellent upgraded condition, featuring stainless steel appliances and granite countertops in most. The original AC units, hot water tanks, and furnaces are still in place and functioning well. Monthly HOA fees of $360 cover water, trash pickup, sewer, property insurance, exterior maintenance, lawn care, and grounds upkeep. Annual property taxes are approximately $4,990 per unit. After accounting for HOA fees and taxes, each unit generates a net operating income of about $13,490 per year.