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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