15925 W 11 Mile Road Southfield, MI $ 1,375,000
15925 W 11 Mile Road
$ 1,375,000
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15925 W 11 Mile Road

Southfield, MI, 48076
$ 1,375,000
Bedrooms12 Baths8.0 Sq 7,600

Monthly Estimate*

$ 8,682

15925 W 11 Mile Road, Southfield, MI 48076 - Image 1
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15925 W 11 Mile Road, Southfield, MI 48076 - Image 11
15925 W 11 Mile Road, Southfield, MI 48076 - Image 12

Multi-Family Home for sale in Southfield, MI

for $1,375,000 with 12 bedrooms and 8 full baths. This 7,600 square foot home was built in 1986 on a lot size of 0.77.

Chestnut Oaks is an 8-unit, fully occupied garden-style apartment community in Southfield offering a turnkey multifamily investment opportunity. Built in 1986, the property spans two 2-story buildings totaling approximately 7,600 SF on a 0.70-acre lot, zoned RM. Unit mix includes four 1BR/1BA units (850 SF) and four 2BR/1BA units (1,050 SF), each featuring in-unit washer/dryer. Masonry construction, natural gas and wall furnace heat, and 14 parking spaces (2.00/unit). Landlord pays water and trash; tenants pay electric. Professionally managed by Silverside Management with strong historical occupancy. Current NOI of $92,517 reflects a 6.73% cap rate on the $1,375,000 asking price ($171,875/unit), with upside to a pro forma NOI of $93,429 (6.79% cap rate) through market rent adjustments. Convenient location near W 11 Mile Rd and Marshall St with easy access to major Southfield corridors. Property is tenant-occupied; showings by appointment only. Contact listing agent for financial package and additional details.

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Multi-Family Active

Price

$ 1,375,000

Bedrooms

12

Full Bath

8

Property Type

Multi-Family

Taxes

$ 16,378

Style

Common Entry Building

Lot Size

0.77

Year Built

1986

Town/City

Southfield

County/Region

Oakland

MLS | Web ID

20261058360

Features
General
Sewer PublicSewer
Heating NaturalGas WallFurnace
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style CommonEntryBuilding
Pool Features None
Construction Materials Block
Pets Allowed Call
Year Built 1986
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 92517.0
Operating Expense 38843.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Full Baths 8
Status Active
Directions W 11 Mile Rd between Southfield Rd and Telegraph Rd; property on south side of W 11 Mile between Fairfield Rd and Marshall St.
City SouthfieldCity_Oakland
Disclosures ActualIncome AnnualPropertyOperatingDataAvailable TaxesNotHomesteadExempt
Senior Community Y/N N
High School District SouthfieldPublicSchools
Zoning Description MultiFamily
Number Of Units Total 8
MLS Area Area02244Southfield
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 8
Land Lease Y/N N
Tax Annual Amount 16378.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 269000
Expected Active Date 2026-07-27
Legal Description T1N R10E SEC 24 E 100 FT OF W 400 FT OF N 1/2 OF N 1/2 OF NE 1/4 OF NE 1/4 EXC N 27 FT TAKEN FOR RD 0.71 A 12-19-13 CORR
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 7600.0
Half Baths 0
Laundry Features InUnit
Above Grade Finished Area Unit Type SquareFeet
Total Baths 8
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 100 x 305
Lot Size Acres 0.77
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 15925
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* Excluded Features
List By
Brady Williams

Listing Agent

Greater Development Llc

Broker

(360) 989-5395

Phone

Affordability Calculator

$10,047
Per Month
86%
14%
0%
Monthly Principal & Interest
$8,682
Monthly Property Taxes
$1,365
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909247 Elementary School
4909698 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/27/2026$1,375,000 Listed Price

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15925 W 11 Mile Road, Southfield, MI, 48076 is a Multi-Family Home for sale at $1,375,000 with 7,600 sqft and a lot size of 0.77. 15925 W 11 Mile Road has 12 bedrooms, 8.0 baths, and was built in 1986. The property's zip code is 48076 which is in Southfield, MI