Leroy Apartments

For Sale

15405 E. 11 Mile Rd, Roseville, MI MI, 48066

Prime Location in a thriving market

  • Situated in Roseville, one of Macomb County’s most stable and high-demand rental submarkets. The property benefits from strong surrounding demographics, dense retail corridors, and immediate proximity to major employment centers. Roseville maintains consistently low vacancy levels and above-average renter demand.

HUD-Supported Rent Ceiling

  • HUD’s FY2026 Fair Market Rent for an Efficiency/Studio in this ZIP code is $1,020 per month, establishing a clear top-end rent ceiling for the property’s studio units. Section 8/HUD tenancy allows ownership to capture this higher income level with guaranteed rent, reduced collection risk, and long-term occupancy stability.

Value-add opportunity with continued renovations

  • A portion of units have already 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 well-maintained 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.

Excellent connectivity and access

  • Quick access to both I-94 and I-696 provides seamless regional connectivity. Residents enjoy short commutes to Downtown Detroit, Warren, Sterling Heights, and the broader Metro Detroit area—further strengthening long-term renter demand.

Stability and long-term value

  • Multifamily assets in this pocket of Macomb County historically demonstrate low volatility, strong occupancy, and recession-resistant performance. The property’s location, physical condition, and value-add profile support durable cash flow and long-term appreciation.

Property Details

Land Size

0.72 AC

Sale Price

$3,050,704.00

Parking

38 Surface Spaces

The information is not currently available online. Please contact the broker for further details.