Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs attached
Off market
$648,200
316 Mary Ave, Royal Oak, MI 48073
--beds
4,547sqft
MultiFamily
Built in 1957
-- sqft lot
$648,200 Zestimate®
$143/sqft
$1,977 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Other
Interior area
- Total interior livable area: 4,547 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 8,712 sqft
Details
- Parcel number: 2509479014
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1957
Community & neighborhood
Location
- Region: Royal Oak
Services availability
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Estimated market value
$648,200