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Leroy Apartments 15405 E 11 Mile Rd 36 Unit Apartment Building For Sale Roseville, MI 48066
Executive Summary
Value-add Opportunity with Continued Renovations: 50% of the units have been updated, demonstrating proven rent lifts. Remaining classic units present a high-impact, low-cost renovation strategy that can be executed immediately to drive further rent increases without major capital expenditures. Immediate Income Stream: The asset is currently stabilized and cash-flowing, offering investors in-place income from day one with the ability to organically grow returns through
strategic upgrades and renewed management efficiencies. Desirable Unit Mix & Amenities: The community consistently attracts a broad spectrum of renters, from young professionals to small families. Functional floorplans, abundant natural light, and practical on-site conveniences; such as dedicated parking, controlled building entry, and wellmaintained outdoor common areas, create a comfortable living environment that supports high occupancy and strong resident satisfaction. Proximity to Major Employment & Education: Located minutes from major regional employers such as the Macomb Mall corridor, Detroit Medical Center, General Motors Tech Center, and the broader I-94 employment axis. The site also benefits from its proximity to local schools, colleges, and training centers.
strategic upgrades and renewed management efficiencies. Desirable Unit Mix & Amenities: The community consistently attracts a broad spectrum of renters, from young professionals to small families. Functional floorplans, abundant natural light, and practical on-site conveniences; such as dedicated parking, controlled building entry, and wellmaintained outdoor common areas, create a comfortable living environment that supports high occupancy and strong resident satisfaction. Proximity to Major Employment & Education: Located minutes from major regional employers such as the Macomb Mall corridor, Detroit Medical Center, General Motors Tech Center, and the broader I-94 employment axis. The site also benefits from its proximity to local schools, colleges, and training centers.
Property Facts
| Sale Type | Investment | Lot Size | 0.72 AC |
| No. Units | 36 | Building Size | 13,688 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.78/1,000 SF |
| Zoning | RM 1 - Residential/Multifamily | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 13,688 SF |
| Average Occupancy | 66% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | RM 1 - Residential/Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 36 | - | 450 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 08-14-18-353-027 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $316,537 CAD |
Property Taxes
Parcel Number
08-14-18-353-027
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$316,537 CAD
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Leroy Apartments | 15405 E 11 Mile Rd
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