Listing Courtesy of: Brady Williams - Greater Development LLC 313-209-2900
$4,450,000 affordable loan icon Calculate Payment

314 OAKLAND Royal Oak, MI 48067

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Multi-Family Residence
Beds
20 Baths
27,732 Sq. Ft.
0.8 Acre Lot
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Last updated on 11/8/2024 4:22 AM

Listing Details

The Royal Oakland is a fully stabilized, 20-unit apartment building located in the desirable community of Royal Oak, Michigan. This trophy asset features 16 one-bedroom, one-bath units (700 sq. ft.) and 4 two-bedroom, one-bath units (900 sq. ft.). The property has 28 off street dedicated parking spa...ces for tenants. The property is 100% occupied, generating a gross monthly income of over $33,700. Over the past two years, the property has undergone extensive renovations. The parking lot was replaced two years ago, and the roof was updated in 2019. Sixteen of the twenty units have received interior upgrades, including new flooring, cabinets, countertops, bathrooms, paint, and fixtures, with each renovation costing around $25,000. These renovated units are commanding rental increases of $500ââ?¬â??$700 per month. Continue reading
Source MLS
MiRealSource
Originating MLS
RealComp
MLS#
60350570
Property Type
Multi-Family
Bathrooms
20 Full
Year Built
1963
Square Feet
27,732 sq. ft
Lot Size
0.8
Stories
2.0
Sewer
Public Sewer
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Listing Courtesy of: Brady Williams - Greater Development LLC 313-209-2900
Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This content last refreshed on 11/8/2024 4:22 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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