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Tienken Trail Lofts 460 W Tienken Rd 12 Unit Apartment Building $6,278,400 CAD ($523,200 CAD/Unit) 5.10% Cap Rate Rochester Hills, MI 48306



EXECUTIVE SUMMARY
Tienken Trail Lofts | 12-Unit Multifamily Property
Tienken Trail Lofts is a boutique, newly built 12-unit multifamily community designed with modern living, premium finishes, and exceptional long-term operational efficiency. Located in a highly desirable corridor of Rochester Hills, this property offers a rare turnkey investment opportunity with consistent 100% occupancy and extremely low maintenance requirements.
The community consists of twelve (12) spacious 1-bedroom, 1.5-bath loft-style units, each thoughtfully designed with open-concept living rooms, full kitchens, in-unit laundry, walk-in closets, and dedicated storage areas. Every unit is separately metered for electric, gas, and water, minimizing ownership expenses and streamlining utility management.
Constructed to a high-end standard by the owner/developer, Tienken Trail Lofts features durable exterior materials, efficient mechanical systems, and modern interior selections that attract long-term residents and command premium rental rates. Residents enjoy the convenience of private entrances, ample parking, and quiet surroundings, making the property exceptionally stable year-round.
The building also includes a professional leasing/management office with a half bath, as well as a dedicated mechanical room, providing operational ease for onsite or offsite management teams.
This is a prime opportunity to acquire a top-performing, low-maintenance asset in one of Metro Detroit’s strongest rental markets—ideal for investors seeking stable cash flow, quality construction, and long-term appreciation.
Broker is the owner and developer of the property.
Tienken Trail Lofts is a boutique, newly built 12-unit multifamily community designed with modern living, premium finishes, and exceptional long-term operational efficiency. Located in a highly desirable corridor of Rochester Hills, this property offers a rare turnkey investment opportunity with consistent 100% occupancy and extremely low maintenance requirements.
The community consists of twelve (12) spacious 1-bedroom, 1.5-bath loft-style units, each thoughtfully designed with open-concept living rooms, full kitchens, in-unit laundry, walk-in closets, and dedicated storage areas. Every unit is separately metered for electric, gas, and water, minimizing ownership expenses and streamlining utility management.
Constructed to a high-end standard by the owner/developer, Tienken Trail Lofts features durable exterior materials, efficient mechanical systems, and modern interior selections that attract long-term residents and command premium rental rates. Residents enjoy the convenience of private entrances, ample parking, and quiet surroundings, making the property exceptionally stable year-round.
The building also includes a professional leasing/management office with a half bath, as well as a dedicated mechanical room, providing operational ease for onsite or offsite management teams.
This is a prime opportunity to acquire a top-performing, low-maintenance asset in one of Metro Detroit’s strongest rental markets—ideal for investors seeking stable cash flow, quality construction, and long-term appreciation.
Broker is the owner and developer of the property.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,278,400 CAD | Building Class | B |
| Price Per Unit | $523,200 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 5.10% | Average Occupancy | 95% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | AI - Multifamily | ||
| Price | $6,278,400 CAD |
| Price Per Unit | $523,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | AI - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Walk-In Closets
- Wi-Fi
- Island Kitchen
- Patio
- Window Coverings
SITE AMENITIES
- Gas Range
- Walking/Biking Trails
- Wi-Fi
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 12 | $2,930 CAD | 840 |
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PROPERTY TAXES
| Parcel Number | 15-03-451-014 | Total Assessment | $3,704,872 CAD (2022) |
| Land Assessment | $0 CAD (2022) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2022) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-03-451-014
Land Assessment
$0 CAD (2022)
Improvements Assessment
$0 CAD (2022)
Total Assessment
$3,704,872 CAD (2022)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Tienken Trail Lofts | 460 W Tienken Rd
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