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.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
Rare opportunity in North Royal Oak! Rebuild or renovate current home in this booming multi-family, residential zoned district! Over 9500 square foot lot (almost quarter acre), lot allows for a single or multi-family home. Close proximity to Beaumont Hospital, new developments & Woodward corridor. Surrounded by apartments and other multi-family buildings, and steps away from single family residential. Huge piece of property to work with with a nicely sized 2 car garage. Great location near parks, shopping and dining. Don�t miss out on this sought after area, schedule your tour with your agent before it's gone!
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.
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
Royal Oak is located in Michigan. 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.
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.
