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.
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
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.
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 48073 has a population of 58,368. Royal Oak 48073 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 48073 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 48073 is 35.8 years.
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.