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 attached
|DAYS ON MARKET||11||LAST UPDATED||7/20/2021|
|TRACT||SUNNYBROOK SUB||YEAR BUILT||1957|
|COMMUNITY||Royal Oak (63251)||COUNTY||Oakland|
|STATUS||Active||PROPERTY TYPE(S)||Multi Family|
|School District||Royal Oak Neighborhood Schools|
|AREA||Royal Oak (63251)|
|LOT||8712 sq ft|
TOTAL MONTHLY PAYMENT
Source MLS: MiRealSource
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