300 Twin Oaks Drive
Monroe, MI 48162
Monroe, MI 48162
172 units | built 1984
1599 Twin Oaks Drive
Toledo, OH 43615
143 Units | Built 1986
The Opportunity
Oak Forest Apartments & Townhomes and Oakwood Townhomes & Villas present a remarkable investment opportunity, offering 315 value-add units in two highly desirable submarkets. Both communities are well-positioned for robust organic rent growth, shielded from significant new supply, and offer substantial potential for strategic interior upgrades. Located in Southeastern Michigan and Toledo, Ohio, these properties benefit from a diverse economic base, appealing demographics, and a stable population. Situated just 26 miles apart, Oak Forest and Oakwood are ideally located within their respective submarkets and demonstrate strong value-add potential with further opportunities available to capture organic rent growth. The portfolio is particularly attractive due to the deep investor pool, including private, overseas, and institutional equity, and the unique chance to achieve immediate economies of scale.
Oak Forest & Oakwood - Opportunity Highlights
Significant Upside Opportunity:
Available through alternative management opportunities and rent growth through strategic capital improvements.
Offered Well-Below Replacement Value:
Current replacement value is well above $200,000 per unit.
Dynamic Employment and Demographics:
Both markets boast strong employment and demographic metrics including attractive median HH income, high white-collar job percentages, and a number of substantial employers within the automotive/manufacturing, medical, and educational sectors.
Outstanding Market Metrics:
High occupancy, limited new construction, and substantial rent growth. Southgate: Occupancy – 95% | Toledo: Occupancy – 95.9%
Immediate Economies of Scale:
Available for purchase as individual properties or as a complete portfolio.
Exceptionally High Barriers-to-Entry:
Each property will continue to perform in their respective markets as there are very limited new multifamily units planned or under construction. Record high cost of construction will oppress any new developments.
Oak Forest
PROPERTY DESCRIPTION
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AMENITIES
- Air Conditioning
- Vaulted Ceilings
- Fully Equipped Kitchen
- Breakfast Nook
- Vinyl Flooring
- Washer / Dryer In Unit*
- Washer / Dryer Connections
- Walk-In Closets
- Patio
- Swimming Pool and Sundeck
- Clubhouse
- Playground
- Laundry Facilities
*In Select Units
AMENITIES
- Air Conditioning
- Vaulted Ceilings
- Fully Equipped Kitchen
- Breakfast Bar
- Vinyl Flooring
- Walk-In Closets
- Washer / Dryer In Unit*
- Wood Burning Fireplace
- Patio / Balcony
- Swimming Pool
- Sundeck
- Clubhouse
- Picnic Area
*In Select Units
Oakwood Townhomes and Villas
PROPERTY DESCRIPTION
- Address:
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Location
PHOTO GALLERY
Contact Us
Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
INVESTMENT SALES
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
614.796.0222
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Rick L. Vidrio
Managing Director
248.341.3325
[email protected]
MORTGAGE BANKERS
Aaron Moll
Senior Director
248.208.0529
[email protected]
David Sibbold
Managing Director
248.208.0522
[email protected]
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