We recently brought two multifamily opportunities to market.
Each asset targets a different segment of renter demand from naturally affordable studio housing to family-oriented townhome rentals providing exposure across the rental spectrum.
Several structural factors continue to support multifamily fundamentals across Livingston and Northern Oakland County:
Higher mortgage rates have reduced homebuying affordability
Limited new apartment deliveries in suburban submarkets
Ongoing household growth in Livingston and Northern Oakland County
Longer renter tenure before transitioning to ownership
Structural demand across studios through 3-bedroom rentals
The Village Commons & Park St Apartments - 44 Units
Village Commons contains 12 units in a neighborhood setting with approx. 1 acre lots
Family-oriented rental housing remains one of the most undersupplied segments in Southeast Michigan, particularly in Livingston County.
The Village Commons at 711 Cattail Lane in Pinckney is a 12-unit purpose-built townhome rental community situated on 6.86 acres.
Village Commons - 12 townhome residences with approximately 1 acre lots
Investment highlights:
12 townhome units
100% 3-bedroom / 2-bath layout
Built 2003
In unit laundry
Private attached garage
100% occupied
NOI ≈ $181,399
6.86-acre combined site
Livingston County GIS
Units feature private entries, attached garages, and multi-level layouts. An ownership-style rental format that directly competes with starter homes in a supply-constrained suburban market.
Park St Apartments:
Park St. Apartments is a 32-unit workforce housing community located at 240 Park Street, 220 Park St. 115 Mann St. and 139 Mann St. in downtown Pinckney, within Livingston County’s Ann Arbor commuter corridor.
The property consists of four two-story buildings totaling 26,720 square feet and is currently 100% occupied following recent partial renovations completed in 2023/2024. The asset provides stabilized in-place income with clear operational upside through continued rent growth.
Investment highlights
32-unit apartment community
100% occupied
Downtown walkable location
Current NOI ≈ $253,559
Pro forma NOI ≈ $280,449
6.95% current in place cap rate
Link to The Village Commons and Park St. Apartments Deal Room: https://property.creop.com/Portfolio/ADEP88TV/index.htm?ticks=639074484249945662
Dixie Efficiency Apartments
Studio workforce housing on excess land in Northern Oakland County
Located at 16001 Dixie Highway in Holly, this 9-unit studio community provides naturally affordable housing with strong occupancy and consistent renter demand.
The property sits on 2.20 acres across two parcels with flexible B-3 zoning and excess land potential along the Dixie Highway corridor.
Investment highlights
9 studio units
95% occupied
Renovated 2024
2.20 acres with excess land
Current NOI ≈ $71,691
7.43% in-place cap rate
For financials, OM access, or a tour request, reach out directly.
Michael McClafferty | 248-972-7040 | [email protected]
OakPointe Real Estate Advisors | 390 Park St. Birmingham, MI 48099
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