DAN BLUGERMANVice Pres ident , CCIMdblugerman@thomasduke.com

EXCLUSIVELY LISTED BY:

CROSS CREEK APARTMENTS - FOR SALE2 3 2 1 0 M I D D L E B E LT R D , FA R M I N G T O N H I L L S , M I 4 8 3 3 6

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 2

OFFERING SUMMARY

Sale Price: $1,080,000

Number Of Units: 16

Lot Size: 2.63 Acres

APN: 23-25-301-053

Year Built: 1986

Building Size: 13,140

Price / UN: $67,500.00

Utilities: Apartments metered for

gas and electric

Location Description: Located on the east

side of Middlebelt Rd,

between 9 and 10 Mile

Roads in Farmington

Hills

DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Total Households: 4,248 31,174 88,888

Total Population: 10,567 74,761 212,962

Average HH Income: $71,215 $70,940 $73,947

PROPERTY HIGHLIGHTS

• One bedroom apartments

• Two story brick building

• Covered parking

• 100% occupied

• 8 CAP at current NOI

E X E C U T I V E S U M M A R Y : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 3

SALE PRICE $1,080,000

LOCATION INFORMATION

Building Name Cross Creek Apartments

Street Address 23210 Middlebelt Rd

City, State, Zip Farmington Hills, MI 48336

County/Township South East Oakland

BUILDING INFORMATION

Building Size 13,140 SF

Apartment Size Approximately 700 SF

Price / UN $67,500.00

Year Built 1986

Number Of Floors 2

Additional Information Each apartment has furnace and hot

water heater. No laundry room or

storage area.

PROPERTY DETAILS

Property Type Multifamily

Traffic Count 15,399 Vehicles/Day (Costar, 2017)

Lot Size 2.63 Acres

APN# 23-25-301-053

2018 Summer Tax $13,621.36

2017 Winter Tax $4,234.49

UTILITIES & AMENITIES

Utilities

Description

Apartments metered for gas and electric

Each apartment is individually metered for

electric and gas.

P R O P E R T Y D E TA I L S : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 4

A D D I T I O N A L P H O T O S : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

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F I N A N C I A L S : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 6

R E N T R O L L : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 7

R E TA I L E R M A P : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 8

L O C AT I O N M A P S : Cross Creek Apartments | Farmington Hills, MI 48336

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 9

POPULATION 1 MILE 3 MILES 5 MILES

Total population 10,567 74,761 212,962

Median age 39.6 41.3 41.4

Median age (male) 38.4 40.2 39.6

Median age (Female) 40.3 42.2 42.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,248 31,174 88,888

# of persons per HH 2.5 2.4 2.4

Average HH income $71,215 $70,940 $73,947

Average house value $182,293 $207,506 $204,148

* Demographic data derived from 2010 US Census

D E M O G R A P H I C S M A P : Cross Creek Apartments | Farmington Hills, MI 48336