316 MARY, Royal Oak, Michigan 48073

$995,000
5
BA
4,547
SqFt
List Price
$995,000
Ownership
Private Owned, Short Sale - No
MLS#
2210057790
Status
ACTIVE
Bathrooms
5
Subdivision
SUNNYBROOK SUB

Property Description

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

Additional Information

Summer Taxes
5709
Winter Taxes
1078
Year Built
1957
Total Number Of Units
5
Conforms To Zoning
Yes
Zoning
Multi-Family
No 1 Bedrooms
3
No 2 Bedrooms
1
No 3 Bedrooms
1
Acres
0.2
Style
Ranch
School District
Royal Oak
Interior Features
De-Humidifier, Dual-Flush Toilet(s), ENERGY STAR Qualified Exhaust Fan(s), ENERGY STAR Qualified Light Fixture(s), Fire Sprinkler, Laundry Facility
Cooling
ENERGY STAR Qualified A/C Equipment
Heating
ENERGY STAR Qualified Furnace Equipment
Exterior Features
Awning/Overhang(s), Outside Lighting

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Real Estate One-Plymouth.

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