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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

    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

    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