Royal Oak MI Multi Family for Sale
$4,450,000
314 OAKLAND Royal Oak, MI 48067
- 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 !
$450,000
1125 S LAFAYETTE Royal Oak, MI 48067
- 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
$525,000
225 N CENTER Royal Oak, MI 48067
- 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.
$425,000
114 S WEST Royal Oak, MI 48067
- 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.
$550,000
115 S PLEASANT Royal Oak, MI 48067
- 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.
$425,000
338 W PARENT Royal Oak, MI 48067
- 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
$500,000
320 9TH Royal Oak, MI 48067
- 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.
$550,000
804 FOREST Royal Oak, MI 48067
- 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.
$350,000
401 PINGREE Royal Oak, MI 48067
- 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.
$450,000
1722 W FARNUM Royal Oak, MI 48067
- 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.
$475,000
129 CURRY Royal Oak, MI 48067
- 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.:
- 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
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.
Royal Oak Real Estate
The median home value in Royal Oak, MI is $281,800. This is lower 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 $281,800. 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 48067 has a population of 58,368. Royal Oak 48067 is less family-centric than the surrounding county with 29.97% 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 48067 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 48067 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.