Royal Oak MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
27,732
Status:
Active
Beds:
n/a
Lot size:
0.8 Acres
Year built:
1963
Baths:
20.00
MLS#:
60350570
Subdivision:
ASSR'S PLAT NO 6 - ROYAL OAK

ADDITIONAL INFORMATION

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 spaces 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.

Type:
Multi-Family
Sq.Ft.:
1,415
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1910
Baths:
3.00
MLS#:
60348562
Subdivision:
HUDSON & HANNAN SUB

ADDITIONAL INFORMATION

Location!Location!Location! First opportunity in 20 years to own this fantastic multi family property! 3 units in the main house along with garage, and a seperate building that could be a studio, office, or workshop! All structures are on one parcel! Great proximity to downtown Royal Oak, just a block to Woodward! 3 units are on a month to month lease, and 1 unit is Vacant! Make your appointment now to view !

Type:
Multi-Family
Sq.Ft.:
1,342
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1911
Baths:
2.00
MLS#:
60342103
Subdivision:
PARENT'S SUB

ADDITIONAL INFORMATION

Attention investors and developers, this multi-family home in Downtown Royal Oak can be combined with neighboring single family and multi-family buildings 1119 S. Lafayette and 338 W. Parent and developed into a larger multi story apartment/condo project. This home is a great opportunity for an investor looking for their next house in Royal Oak to add to their portfolio

Type:
Multi-Family
Sq.Ft.:
1,927
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1902
Baths:
3.00
MLS#:
60342102
Subdivision:
WILLSON PARK SUB

ADDITIONAL INFORMATION

Amazing 3 unit multifamily walkable to downtown Royal Oak. One 2 bed 1 bath and Two 1 bed 1 bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
2,462
Status:
Active
Beds:
n/a
Lot size:
0.39 Acres
Year built:
1920
Baths:
6.00
MLS#:
60341787
Subdivision:
OAK RUN SUB

ADDITIONAL INFORMATION

Unreal 5 unit multifamily in desirable Royal Oak. One 3 bed 2 bath unit, Three 2 bed 1 bath units and One 1 bed 1 bath unit that are all fully occupied. This property with unique history has room to be added onto or as is. Huge parking lot for tenants and close to freeways. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,226
Status:
Active
Beds:
n/a
Year built:
1906
Baths:
3.00
MLS#:
60341781
Subdivision:
MEADOW PARK ADD

ADDITIONAL INFORMATION

Amazing 3 unit multifamily walkable to downtown Royal Oak. One 2 bed 1 bath and Two 1 bed 1 bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,855
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1912
Baths:
3.00
MLS#:
60341780
Subdivision:
MEADOW PARK ADD

ADDITIONAL INFORMATION

Amazing 3 unit multifamily walkable to downtown Royal Oak. One 3 bed 1 bath and Two 1 bed 1 bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,245
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1912
Baths:
2.00
MLS#:
60341768
Subdivision:
PARENT'S SUB

ADDITIONAL INFORMATION

Attention investors and developers, this multi-family home in Downtown Royal Oak can be combined with neighboring single family and multi-family buildings 1119 S. Lafayette and 1125 S. Lafayette and developed into a larger multi story apartment/condo project. This home is a great opportunity for an investor looking for their next house in Royal Oak to add to their portfolio

Type:
Multi-Family
Sq.Ft.:
2,011
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1901
Baths:
3.00
MLS#:
60341767
Subdivision:
HUDSON & HANNAN SUB

ADDITIONAL INFORMATION

Amazing 2 unit multifamily walkable to downtown Royal Oak. One 4 Bed 2 Bath unit and One 2 Bed 1 Bath are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,846
Status:
Active
Beds:
n/a
Lot size:
0.24 Acres
Year built:
1926
Baths:
2.00
MLS#:
60341766
Subdivision:
ASSR'S PLAT NO 2 - ROYAL OAK

ADDITIONAL INFORMATION

Amazing 2 unit multifamily walkable to downtown Royal Oak. Two 2 Bed 1 Bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,401
Status:
Active
Beds:
n/a
Lot size:
0.15 Acres
Year built:
1917
Baths:
2.00
MLS#:
60341765
Subdivision:
PROSPECT PARK SUB

ADDITIONAL INFORMATION

Amazing 2 unit multifamily walkable to downtown Royal Oak. Two 2 Bed 1 Bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,750
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1929
Baths:
2.00
MLS#:
60341755
Subdivision:
MAPLE GROVE SUB

ADDITIONAL INFORMATION

Amazing 2 unit multifamily walkable to downtown Royal Oak. Two 2 Bed 1 Bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,864
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1914
Baths:
3.00
MLS#:
60341754
Subdivision:
HAMMOND SUB

ADDITIONAL INFORMATION

Amazing 3 unit multifamily walkable to downtown Royal Oak. One 2 bed 1 bath and Two 1 bed 1 bath units are fully occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.

Type:
Multi-Family
Sq.Ft.:
1,483
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1925
Baths:
3.00
MLS#:
60332212
Subdivision:
ROYAL OAK MANOR

ADDITIONAL INFORMATION

Multi-family split unit investor special!! All new electrical throughout home including separate new electric meters, new breaker panels, all new wiring, switches, plugs, and recessed lighting. Rough electrical inspection passed. Rough mechanical inspection passed which included 2 new Bryant central heat and ac units, new ducting throughout, and new water heater. Rough plumbing passed with new supply lines, new waste lines, washer and dryer hook ups in each unit and passed sewer scope all the way to street. Brand new roof and windows along with new rear patio. Home has 9 foot ceilings on the first floor. land contract available!! MUST SIGN HOLD HARMLESS AGREEMENT TO VIEW. construction work will continue to progress

Type:
Multi-Family
Sq.Ft.:
3,634
Status:
Active
Beds:
n/a
Lot size:
0.27 Acres
Year built:
1985
Baths:
6.00
MLS#:
60318749
Subdivision:
OAK RUN SUB

ADDITIONAL INFORMATION

Well maintained original owner brick 3 unit building, each unit has its own entrance, full basement, separate utilities and shared carport parking. The complex can easily be divided into individual property id's and sold as individual condos. Fully leased with leases in place that can be assumed. Download the 'Rent Roll' from the document please for your reference. Please contact listing agent for scheduling showings.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1922
Baths:
MLS#:
70405588

ADDITIONAL INFORMATION

Rare investment opportunity in Royal Oak. Rental income duplex. 1 bedroom upper unit $1150/monthly, 2 bedroom lower unit $1250/monthly. Beautiful Hardwood Floors. Separate entrances for each unit. Shared laundry in basement. Off street parking in rear of building. Close to downtown Royal Oak, shops and restaurants. Tenants pay all utilities including water. Rental compliant and registered with the City of Royal Oak. BATVAI Please send proof of funds for a showing, 72 hour notice required. T12 in documents

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Royal Oak Real Estate

The median home value in Royal Oak, MI is $340,000. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Royal Oak, MI is $340,000. Approximately 61.1% of Royal Oak homes are owned, compared to 31.76% rented, while 7.14% are vacant. Royal Oak real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Royal Oak real estate agent to arrange a tour today!

Royal Oak, Michigan has a population of 58,368. Royal Oak is less family-centric than the surrounding county with 29.6% of the households containing married families with children. The county average for households married with children is 32.55%.

The median household income in Royal Oak, Michigan is $87,316. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Royal Oak is 35.8 years.

Royal Oak Weather

The average high temperature in July is 83.4 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 33.1 inches per year, with 31.9 inches of snow per year.

Royal Oak Real Estate Market Conditions

  • Median sales price

    $340,000
    10.8% change since last quarter
  • # Active listings

    234
    30-day change

Royal Oak Schools and Demographics

Education near Royal Oak, MI

Metric City County
High School Graduates 96.27 94.65
College Degree - 2 year 7.31 8.33
College Degree - 4 year 60.13 48.94
Graduate Degree 16.71 15.77
Expenditures per Student 15,188 15,188
Students per Teacher 17 17

Elementary Schools near Royal Oak, MI

School Grades Students P/T Ratio ZIP
Addams Elementary and ECC PK - 05 461 15.3 48073
Alfred E. Upton Elementary School KG - 05 283 15.7 48073
Edmonson Elementary School PK - 05 286 16.7 48071
Four Corners Montessori Academy PK - 08 339 17.4 48071
Hiller Elementary School KG - 05 344 14.9 48071
Keller Elementary School PK - 05 392 16 48067
Lamphere Early Childhood Center PK - PK 0 48071
Lessenger Elementary School PK - 05 339 15.9 48071
Madison Elementary School PK - 05 349 13.6 48071
Northwood Elementary School KG - 05 490 21.9 48073
Oak Ridge Elementary School KG - 05 431 18.4 48073
Oakland Elementary School KG - 05 283 17.6 48067
Roosevelt Primary School KG - 03 369 16.8 48220
Simonds Elementary School PK - 05 288 15.4 48071

Middle Schools near Royal Oak, MI

School Grades Students P/T Ratio ZIP
Coolidge Intermediate School 04 - 06 271 17.6 48220
Edison Elementary School KG - 05 196 12.3 48071
Ferndale Middle School 07 - 08 329 19.2 48220
Halfman Elementary School KG - 05 231 13.9 48071
Page Middle School 06 - 08 594 18 48071
Royal Oak Middle School 06 - 08 1,055 19.5 48067
University Middle School 07 - 08 26 26 48220
Wilkinson Middle School 06 - 08 231 15.1 48071

High Schools near Royal Oak, MI

School Grades Students P/T Ratio ZIP
Ferndale High School 09 - 12 699 16.9 48220
Lamphere High School 09 - 12 768 18.6 48071
Madison High School 09 - 12 398 15.2 48071
Royal Oak High School 09 - 12 1,278 19.2 48073
University High School 09 - 12 413 21.7 48220

Ungraded Schools near Royal Oak, MI

School Grades Students P/T Ratio ZIP
* Churchill Community Ed. Center 09 - 12 124 13.3 48073
* Creative Learning Center - Madison Heights 10 - 12 12 4 48071
* Digital Learning Center 09 - 12 343 42.9 48220
* Madison Preparatory High School 09 - 12 95 15.3 48071
Edison Max Day Treatment KG - 12 54 7.3 48220
Frederick Douglass International Academy UG - UG 0 48220
Lamphere Center 06 - 12 34 3.8 48071
Madison Virtual Academy 01 - 12 238 158.7 48071
Webb Elementary School PK - 12 366 12 48220

Demographics near Royal Oak, MI

Metric City County
Neighborhood Type
Population 58,368 1,271,983
Population Density 4,950 1,466
Median Age 35.8 41
People per Household 2 2.4
Median Household Income 87,316 86,275
Average Income per Capita 54,486 49,012