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.
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.
Incredible Investment Opportunity just minutes from Downtown Royal Oak! This 8 Unit multifamily has over $100K in capital improvements in 2024 including New Windows, Vertical Steel Siding/Soffits/Fascia/Gutters, New Sign, Exterior Painting, Laundry Facilities and complete renovation of Unit 1. There is great upside potential to increase rent after renovations: Unit 1 (2Bed/1Bath) was previously renting at $1025/mo and post renovation is now at $1700/mo. The 1Bed/Bath units once renovated should go for upward of $1300/mo. There is additional tremendous opportunity for rental income growth to convert units to Short Term Rentals as shown through AirDNA on the 1Bed/1Bath Units. This property is ideally located in Royal Oak; Situated adjacent to a brand new park and with excellent proximity to Beaumont Hospital, The Detroit Zoo, Royal Oak Music Theater, Major Freeways, Downtown Detroit and DTW. Royal Oak is housed in Oakland County which is the wealthiest county in all of Michigan and the second largest, which drives the demand for housing and short term rentals, alike! Reach out to Chris for additional investment/financial/area information!
Altitude Fairmont is a stabilized 28 unit, apartment building located in Royal Oak, Michigan. There are 26 one bedroom one bath units that are 550 square feet, and 2 two bedroom 1 bath units that are 750 square feet. There are 28 parking spaces for the apartment building. The property is 93% occupied (two vacancies) grossing over $36,000 per month. The property has gone through a partial renovation over the past 2 years. The parking lot was replaced 2 years ago with a 2 inch overlay, so it is in great shape. 19 of the 28 units have gone through extensive interior renovations including new flooring, cabinets, countertops, bathrooms, paint, and fixtures. 7 of the units have gone through a "mid-grade" renovation which includes a combination of the full renovation, and two units have not been renovated. Each unit renovation cost between $18,000 and $22,000. 21 units also received brand new AC wall units. Tenants have individual electric bills, and there is a RUBS system that bills the tenants back for heat, water, sewer and trash.
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 58,973. Royal Oak is less family-centric than the surrounding county with 29.35% of the households containing married families with children. The county average for households married with children is 33.38%.
The median household income in Royal Oak, Michigan is $74,140. The median household income for the surrounding county is $73,369 compared to the national median of $57,652. The median age of people living in Royal Oak is 36.2 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 33.1 inches per year, with 36.1 inches of snow per year.
