316 Mary Avenue Royal Oak, Michigan 48073
$994,500

Bedrooms

5.0 Baths

4,547 Sq. Ft.

Excellent opportunity on this 5-unit brick apartment building located in Royal Oak near the corner of 12 Mile and Main St. Minutes to downtown Royal Oak & Beaumont Hospital. Three 1-bedroom, One 2-bedroom and One 3-bedroom Units. 7% CAP RATE. Fully Occupied. Turn key. 8 Parking Spots. New construction/remodel in 2019. Each unit offers spacious living area, New stony oak floor, dove grey kitchen cabinets, new Samsung Stoves in each unit, New Central Air, with built in dehumidifier & fresh air ventilators. Separate Electric Meters for each apartment. Coin Operated Commercial laundry units Included. On Site Parking. Do not disturb tenants. Tenant Pays: Elec & water. P&L docs available upon request

Location information

Zip Code 48073
City Royal Oak
County Oakland

Property data

Status Active
MLS # 2210006710
Type Multifamily

Additional information

Interior

Bedrooms
Bathrooms 5
Half Baths 0
Features De-Humidifier,Dual-Flush Toilet(s),ENERGY STAR® Qualified Exhaust Fan(s),ENERGY STAR® Qualified Li
Appliances
Fireplace Description ,

Exterior

Style Ranch
Construction Brick
Built In 1957
Stories 2 Story
Parking ,
Features Awning Overhang(s),Outside Lighting
Lot Description

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Copyright 2021 Realcomp II Ltd. Shareholders.

Hall & Hunter Realtors

+1 248 644 3500

info@hallandhunter.com

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