Friedman Real Estate is proud to announce the successful sale of the Leroy Apartments, a 36-unit multifamily property located at 15405–15425 E 11 Mile Road in Roseville, Michigan. Brokers Peter Jankowski and Rich Deptula represented the seller, Dudek Property Investments, LLC, in this transaction. The property sold for $35,417 per unit, totaling $1,275,000, reinforcing Friedman’s expertise in Michigan’s multifamily investment market.
About the Transaction
This sale highlights the strength of the Metro Detroit multifamily sector, where investor demand for well-located, income-producing assets remains robust. Leroy Apartments offers a mix of one- and two-bedroom units in a convenient location near major transportation corridors, retail amenities, and employment centers.
Transaction Highlights:
- Property Type: Multifamily
- Units: 36
- Location: 15405–15425 E 11 Mile Road, Roseville, MI
- Sale Price: $1,275,000
- Price Per Unit: $35,417
- Representation: Seller
Why Roseville?
Roseville is a thriving suburban community in Metro Detroit, offering strong rental demand and accessibility to major highways such as I-94 and I-696. Its proximity to employment hubs and retail corridors makes it an attractive location for multifamily investors seeking stable occupancy and long-term growth.
Multifamily Market Trends
The sale of Leroy Apartments reflects several key trends shaping Michigan’s multifamily market:
- Consistent Rental Demand: Driven by affordability and lifestyle preferences.
- Investor Interest in Value-Add Opportunities: Properties like Leroy Apartments offer potential for renovations and operational improvements.
- Metro Detroit Resilience: Multifamily remains one of the most sought-after asset classes in the region.
For more market insights, visit CoStar or explore City of Roseville.
Friedman Real Estate: Your Multifamily Brokerage Partner
As one of the Midwest’s leading full-service commercial real estate firms, Friedman Real Estate offers comprehensive solutions across:
Our team specializes in acquisitions, dispositions, and advisory services, helping investors identify opportunities and maximize returns.
